Rolls-Royce Holding PLC (RR) Receives “Underperform” Rating from Credit Suisse Group AG
Credit Suisse Group AG restated their underperform rating on shares of Rolls-Royce Holding PLC (LON:RR) in a research report report published on Thursday morning. The firm currently has a GBX 595 ($7.43) price objective on the stock.
Several other equities analysts also recently weighed in on RR. JPMorgan Chase & Co. lifted their target price on Rolls-Royce Holding PLC from GBX 730 ($9.12) to GBX 835 ($10.43) and gave the company a neutral rating in a research report on Thursday, August 11th. Deutsche Bank AG reiterated a sell rating and set a GBX 474 ($5.92) target price on shares of Rolls-Royce Holding PLC in a research report on Thursday. Berenberg Bank lifted their target price on Rolls-Royce Holding PLC from GBX 555 ($6.93) to GBX 710 ($8.87) and gave the company a hold rating in a research report on Monday, August 8th. Kepler Capital Markets reiterated a reduce rating and set a GBX 570 ($7.12) target price on shares of Rolls-Royce Holding PLC in a research report on Thursday, August 4th. Finally, Liberum Capital reiterated a hold rating on shares of Rolls-Royce Holding PLC in a research report on Thursday, July 28th. Nine equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 637.25 ($7.96).
Shares of Rolls-Royce Holding PLC (LON:RR) traded down 6.08% during trading on Thursday, reaching GBX 656.50. The company’s stock had a trading volume of 8,678,078 shares. The company has a 50 day moving average of GBX 744.00 and a 200 day moving average of GBX 714.45. Rolls-Royce Holding PLC has a 12-month low of GBX 497.00 and a 12-month high of GBX 875.50. The company’s market cap is GBX 12.03 billion.
In other news, insider Cairnie ,Ruth acquired 256 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were bought at an average price of GBX 757 ($9.46) per share, with a total value of £1,937.92 ($2,421.19). Also, insider Frank Chapman acquired 509 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was purchased at an average cost of GBX 778 ($9.72) per share, for a total transaction 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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