Rolls-Royce Holding PLC (RR) Price Target Lowered to GBX 700 at Natixis
Rolls-Royce Holding PLC (LON:RR) had its price target lowered by analysts at Natixis from GBX 770 ($9.62) to GBX 700 ($8.75) in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. Natixis’ price target would suggest a potential downside of 5.21% from the company’s previous close.
RR has been the topic of a number of other reports. Barclays PLC reiterated an “underweight” rating and issued a GBX 480 ($6.00) price objective on shares of Rolls-Royce Holding PLC in a report on Thursday, October 20th. Panmure Gordon reiterated a “sell” rating and issued a GBX 500 ($6.25) price objective on shares of Rolls-Royce Holding PLC in a report on Tuesday, September 20th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 474 ($5.92) price objective on shares of Rolls-Royce Holding PLC in a report on Thursday, October 13th. JPMorgan Chase & Co. upped their price objective on Rolls-Royce Holding PLC from GBX 835 ($10.43) to GBX 890 ($11.12) and gave the company a “neutral” rating in a report on Monday, October 10th. Finally, Goldman Sachs Group Inc. upped their price objective on Rolls-Royce Holding PLC from GBX 718 ($8.97) to GBX 743 ($9.28) and gave the company a “neutral” rating in a report on Monday, September 5th. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 643.20 ($8.04).
Rolls-Royce Holding PLC (LON:RR) opened at 728.00 on Thursday. Rolls-Royce Holding PLC has a one year low of GBX 497.00 and a one year high of GBX 875.50. The stock has a 50 day moving average price of GBX 744.32 and a 200-day moving average price of GBX 714.56. The stock’s market capitalization is GBX 13.34 billion.
In related news, insider Cairnie ,Ruth acquired 256 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was bought at an average price of GBX 757 ($9.46) per share, for a total transaction of £1,937.92 ($2,421.19). Also, insider Frank Chapman acquired 509 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was bought at an average price of GBX 778 ($9.72) per share, with a total value of £3,960.02 ($4,947.55).
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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