BNP Paribas Reiterates “Underperform” Rating for Rolls-Royce Holding PLC (RR)
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “underperform” rating reissued by equities researchers at BNP Paribas in a research note issued on Thursday. They currently have a GBX 530 ($6.62) price target on the stock. BNP Paribas’ price target would indicate a potential downside of 19.39% from the company’s previous close.
A number of other equities research analysts have also weighed in on the company. Barclays PLC reissued an “underweight” rating and issued a GBX 480 ($6.00) target price on shares of Rolls-Royce Holding PLC in a research note on Thursday, October 20th. Deutsche Bank AG reissued a “sell” rating and issued a GBX 474 ($5.92) target price on shares of Rolls-Royce Holding PLC in a research note on Thursday, October 13th. Panmure Gordon reissued a “sell” rating and issued a GBX 500 ($6.25) target price on shares of Rolls-Royce Holding PLC in a research note on Tuesday, September 20th. JPMorgan Chase & Co. boosted their target price on Rolls-Royce Holding PLC from GBX 835 ($10.43) to GBX 890 ($11.12) and gave the company a “neutral” rating in a research note on Monday, October 10th. Finally, Goldman Sachs Group Inc. boosted their target price on Rolls-Royce Holding PLC from GBX 718 ($8.97) to GBX 743 ($9.28) and gave the company a “neutral” rating in a research note on Monday, September 5th. Nine analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 637.25 ($7.96).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 657.50 on Thursday. The firm’s market cap is GBX 12.05 billion. Rolls-Royce Holding PLC has a 1-year low of GBX 497.00 and a 1-year high of GBX 875.50. The company’s 50-day moving average price is GBX 743.21 and its 200 day moving average price is GBX 714.37.
In other Rolls-Royce Holding PLC news, insider Cairnie ,Ruth bought 256 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were acquired at an average cost of GBX 757 ($9.46) per share, for a total transaction of £1,937.92 ($2,421.19). Also, insider Frank Chapman bought 509 shares of the business’s stock in a transaction on Friday, October 7th. The shares were acquired at an average price of GBX 778 ($9.72) per share, for a total transaction of £3,960.02 ($4,947.55).
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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