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flag Rolls-Royce's shares soar 513% amid aviation boom, but experts caution on valuation risks.

flag Rolls-Royce's share price has surged 513% since late 2022, fueled by increased demand for civil aviation and defense spending. flag A City broker forecasts the shares could climb another 40% to 820p over three years. flag However, with a P/E ratio of 21, an author cautions the price may not be a bargain and advises potential investors to consider risks in the aviation sector.

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