Rolls-Royce Holding PLC (RR) Given New GBX 890 Price Target at JPMorgan Chase & Co.
Rolls-Royce Holding PLC (LON:RR) had its target price upped by JPMorgan Chase & Co. from GBX 835 ($10.33) to GBX 890 ($11.01) in a research report sent to investors on Monday. The brokerage currently has a neutral rating on the stock.
A number of other research firms have also commented on RR. Credit Suisse Group AG raised their price objective on shares of Rolls-Royce Holding PLC from GBX 590 ($7.30) to GBX 610 ($7.55) and gave the company an underperform rating in a research note on Friday, July 29th. Barclays PLC raised their target price on shares of Rolls-Royce Holding PLC from GBX 400 ($4.95) to GBX 480 ($5.94) and gave the stock an underweight rating in a report on Friday, July 29th. Deutsche Bank AG restated a sell rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 16th. Goldman Sachs Group Inc. raised their target price on shares of Rolls-Royce Holding PLC from GBX 718 ($8.89) to GBX 743 ($9.20) and gave the stock a neutral rating in a report on Monday, September 5th. Finally, Liberum Capital restated a hold rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, September 6th. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 607.32 ($7.52).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 777.12 on Monday. The stock’s market cap is GBX 14.24 billion. The company has a 50-day moving average price of GBX 750.32 and a 200-day moving average price of GBX 701.18. Rolls-Royce Holding PLC has a 1-year low of GBX 497.00 and a 1-year high of GBX 875.50.
In related news, insider Smith,David bought 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 ($10.12) per share, with a total value of £50,028.88 ($61,916.93). Also, insider Cairnie ,Ruth bought 256 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was bought at an average cost of GBX 757 ($9.37) per share, with a total value of £1,937.92 ($2,398.42).
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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