Rolls-Royce Holding PLC (RR) Receives GBX 643 Consensus Price Target from Analysts
Shares of Rolls-Royce Holding PLC (LON:RR) have earned an average rating of “Hold” from the twenty-one research firms that are currently covering the stock. Eight investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 653.56 ($8.10).
Several equities analysts have commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 835 ($10.34) price objective on shares of Rolls-Royce Holding PLC in a report on Wednesday, September 14th. Berenberg Bank boosted their target price on shares of Rolls-Royce Holding PLC from GBX 555 ($6.87) to GBX 710 ($8.79) and gave the company a “hold” rating in a research report on Monday, August 8th. Credit Suisse Group AG reduced their target price on shares of Rolls-Royce Holding PLC from GBX 610 ($7.56) to GBX 595 ($7.37) and set an “underperform” rating for the company in a research report on Monday, September 12th. Citigroup Inc. raised shares of Rolls-Royce Holding PLC to a “buy” rating and set a GBX 935 ($11.58) target price for the company in a research report on Friday, November 4th. Finally, Liberum Capital reissued a “hold” rating on shares of Rolls-Royce Holding PLC in a research report on Thursday, September 22nd.
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 740.50 on Wednesday. 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 cap is GBX 13.57 billion. The firm has a 50-day moving average of GBX 742.39 and a 200 day moving average of GBX 712.56.
In other news, insider Frank Chapman bought 509 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was acquired at an average price of GBX 778 ($9.64) per share, with a total value of £3,960.02 ($4,905.26). Also, insider Cairnie ,Ruth bought 256 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were purchased at an average cost of GBX 757 ($9.38) per share, with a total value of £1,937.92 ($2,400.50).
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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