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Down 7.5% since the peak, has the Rolls-Royce share price collapse started?
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Down 7.5% since the peak, has the Rolls-Royce share price collapse started?
The Rolls-Royce Holdings (LSE: RR.) share price hit a high of 1,306.6p on 14 January. But just a fortnight later on 28 January, it closed 7.5% down from that peak, at 1,208p. Investors have been calling an end to Rolls’ astonishing upwards run for some time, with the shares up 1,230% over the past five years. The thing is, we’re looking at a forecast price-to-earnings (P/E) ratio of only around 20. That’s really not so high compared to so many o…
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