Rolls-Royce Holding PLC (RR) Rating Reiterated by JPMorgan Chase & Co.
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. They currently have a GBX 890 ($11.02) target price on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 20.19% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Jefferies Group raised their price objective on Rolls-Royce Holding PLC from GBX 800 ($9.91) to GBX 900 ($11.15) and gave the company a “buy” rating in a research note on Thursday, October 13th. Citigroup Inc. raised Rolls-Royce Holding PLC to a “buy” rating and set a GBX 935 ($11.58) price objective for the company in a research note on Friday, November 4th. Morgan Stanley raised Rolls-Royce Holding PLC to an “equal weight” rating and raised their price objective for the company from GBX 655 ($8.11) to GBX 780 ($9.66) in a research note on Wednesday, August 10th. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a research report on Tuesday, September 6th. Finally, Berenberg Bank lifted their target price on 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. Eight research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 640.21 ($7.93).
Rolls-Royce Holding PLC (LON:RR) opened at 759.50 on Monday. The firm’s market capitalization is GBX 13.91 billion. Rolls-Royce Holding PLC has a one year low of GBX 497.00 and a one year high of GBX 875.50. The firm has a 50-day moving average price of GBX 742.39 and a 200-day moving average price of GBX 712.56.
In other Rolls-Royce Holding PLC news, insider Cairnie ,Ruth bought 256 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Wednesday, September 7th. The stock was acquired at an average cost of GBX 757 ($9.38) per share, for a total transaction of £1,937.92 ($2,400.50). Also, insider Frank Chapman bought 509 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Friday, October 7th. The shares were acquired 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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