Rolls-Royce Holding PLC (RR) Given Sell Rating at Deutsche Bank AG
Deutsche Bank AG reissued their sell rating on shares of Rolls-Royce Holding PLC (LON:RR) in a report released on Thursday morning. Deutsche Bank AG currently has a GBX 474 ($5.87) price objective on the stock.
A number of other research analysts have also issued reports on RR. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 835 ($10.33) price target on shares of Rolls-Royce Holding PLC in a research report on Wednesday, September 14th. Berenberg Bank boosted their price target on Rolls-Royce Holding PLC from GBX 555 ($6.87) to GBX 710 ($8.79) and gave the stock a hold rating in a research report on Monday, August 8th. Credit Suisse Group AG reduced their price target on Rolls-Royce Holding PLC from GBX 610 ($7.55) to GBX 595 ($7.36) and set an underperform rating for the company in a research report on Monday, September 12th. Liberum Capital reiterated a hold rating on shares of Rolls-Royce Holding PLC in a research report on Thursday, September 22nd. Finally, Barclays PLC reissued an underweight rating and issued a GBX 480 ($5.94) price objective on shares of Rolls-Royce Holding PLC in a research note on Tuesday, September 6th. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 612.58 ($7.58).
Rolls-Royce Holding PLC (LON:RR) traded up 1.9127% during mid-day trading on Thursday, hitting GBX 765.8738. The company had a trading volume of 1,981,464 shares. Rolls-Royce Holding PLC has a one year low of GBX 497.00 and a one year high of GBX 875.50. The company’s market cap is GBX 14.03 billion. The company’s 50 day moving average price is GBX 749.00 and its 200-day moving average price is GBX 702.56.
In other news, insider Cairnie ,Ruth purchased 256 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was purchased at an average price of GBX 757 ($9.37) per share, with a total value of £1,937.92 ($2,398.42). Also, insider Smith,David purchased 6,116 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was purchased at an average cost of GBX 818 ($10.12) per share, with a total value of £50,028.88 ($61,916.93).
Rolls-Royce Holding PLC Company Profile
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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