Rolls-Royce Holding PLC (RR) Stock Rating Reaffirmed by Credit Suisse Group AG
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “underperform” rating restated by research analysts at Credit Suisse Group AG in a research note issued on Sunday. They currently have a GBX 595 ($7.77) price objective on the stock. Credit Suisse Group AG’s price target suggests a potential downside of 23.28% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the company. Liberum Capital restated a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Thursday, September 22nd. Panmure Gordon restated a “sell” rating and issued a GBX 500 ($6.53) price objective on shares of Rolls-Royce Holding PLC in a research note on Tuesday, September 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 835 ($10.90) price objective on shares of Rolls-Royce Holding PLC in a research note on Wednesday, September 14th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 743 ($9.70) price objective on shares of Rolls-Royce Holding PLC in a research note on Sunday, September 11th. Finally, Barclays PLC restated an “underweight” rating and issued a GBX 480 ($6.27) price objective on shares of Rolls-Royce Holding PLC in a research note on Tuesday, September 6th. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 604.42 ($7.89).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 775.50 on Friday. Rolls-Royce Holding PLC has a 52 week low of GBX 497.00 and a 52 week high of GBX 875.50. The firm’s market capitalization is GBX 14.21 billion. The firm’s 50-day moving average is GBX 751.54 and its 200-day moving average is GBX 700.40.
In related news, insider Smith,David acquired 6,116 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was purchased at an average price of GBX 818 ($10.68) per share, with a total value of £50,028.88 ($65,303.33). Also, insider Cairnie ,Ruth acquired 254 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were bought at an average cost of GBX 764 ($9.97) per share, with a total value of £1,940.56 ($2,533.04).
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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