Rolls-Royce Holding PLC (RR) Earns Underperform Rating from Credit Suisse Group AG
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “underperform” rating reaffirmed by equities researchers at Credit Suisse Group AG in a research note issued on Monday.
A number of other equities research analysts have also commented on the company. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a research report on Thursday, September 22nd. Panmure Gordon reaffirmed a “sell” rating and set a GBX 500 ($6.53) price target on shares of Rolls-Royce Holding PLC in a research report on Tuesday, September 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 835 ($10.90) price target on shares of Rolls-Royce Holding PLC in a research report on Wednesday, September 14th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 743 ($9.70) price target on shares of Rolls-Royce Holding PLC in a research report on Sunday, September 11th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a GBX 480 ($6.27) price target on shares of Rolls-Royce Holding PLC in a research report on Tuesday, September 6th. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 604.42 ($7.89).
Rolls-Royce Holding PLC (LON:RR) opened at 737.50 on Monday. The stock’s 50 day moving average price is GBX 756.32 and its 200-day moving average price is GBX 698.06. The firm’s market capitalization is GBX 13.51 billion. Rolls-Royce Holding PLC has a one year low of GBX 497.00 and a one year high of GBX 875.50.
In related news, insider Cairnie ,Ruth acquired 254 shares of the company’s stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of GBX 764 ($9.97) per share, with a total value of £1,940.56 ($2,533.04). Also, insider Smith,David acquired 6,116 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was bought at an average cost of GBX 818 ($10.68) per share, with a total value of £50,028.88 ($65,303.33).
About Rolls-Royce Holding PLC
Rolls-Royce Holdings plc is a provider of an integrated power and propulsion solutions. The Company operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses. Its civil aerospace business is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services.
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