Rolls-Royce Holding PLC’s (RR) Sell Rating Reaffirmed at Societe Generale
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “sell” rating reaffirmed by equities research analysts at Societe Generale in a note issued to investors on Friday. They presently have a GBX 640 ($7.93) target price on the stock. Societe Generale’s target price would indicate a potential downside of 16.94% from the stock’s current price.
A number of other equities analysts have also commented on RR. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 835 ($10.34) price objective on shares of Rolls-Royce Holding PLC in a research note on Wednesday, September 14th. Berenberg Bank lifted their price objective 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 note on Monday, August 8th. Credit Suisse Group AG cut their price objective on Rolls-Royce Holding PLC from GBX 610 ($7.56) to GBX 595 ($7.37) and set an “underperform” rating on the stock in a research note on Monday, September 12th. Citigroup Inc. raised Rolls-Royce Holding PLC to a “buy” rating and set a GBX 935 ($11.58) price objective on the stock in a research note on Friday, November 4th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Thursday, September 22nd. Eight research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Rolls-Royce Holding PLC has an average rating of “Hold” and a consensus target price of GBX 638.20 ($7.91).
Rolls-Royce Holding PLC (LON:RR) opened at 751.50 on Friday. The company’s market capitalization is GBX 13.77 billion. The stock’s 50 day moving average is GBX 742.00 and its 200 day moving average is GBX 712.37. Rolls-Royce Holding PLC has a 52 week low of GBX 497.00 and a 52 week high of GBX 875.50.
In other news, insider Cairnie ,Ruth purchased 256 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was bought at an average price of GBX 757 ($9.38) per share, for a total transaction of £1,937.92 ($2,400.50). Also, insider Frank Chapman purchased 509 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were purchased at an average price of GBX 778 ($9.64) per share, with a total value of £3,960.02 ($4,905.26).
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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