Deutsche Bank AG Reiterates Sell Rating for Rolls-Royce Holding PLC (RR)
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “sell” rating restated by analysts at Deutsche Bank AG in a report released on Thursday. They currently have a GBX 474 ($5.92) price target on the stock. Deutsche Bank AG’s price target would indicate a potential downside of 27.91% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a research report on Thursday, July 28th. Barclays PLC upped their price target on Rolls-Royce Holding PLC from GBX 400 ($5.00) to GBX 480 ($6.00) and gave the stock an “underweight” rating in a research report on Friday, July 29th. Credit Suisse Group AG upped their price target on Rolls-Royce Holding PLC from GBX 590 ($7.37) to GBX 610 ($7.62) and gave the stock an “underperform” rating in a research report on Friday, July 29th. Kepler Capital Markets reaffirmed a “reduce” rating and set a GBX 570 ($7.12) price target on shares of Rolls-Royce Holding PLC in a research report on Thursday, August 4th. Finally, Berenberg Bank upped their price target on Rolls-Royce Holding PLC from GBX 555 ($6.93) to GBX 710 ($8.87) and gave the stock a “hold” rating in a research report on Monday, August 8th. Nine research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 637.25 ($7.96).
Rolls-Royce Holding PLC (LON:RR) opened at 651.00 on Thursday. The company has a 50-day moving average price of GBX 743.21 and a 200-day moving average price of GBX 714.37. Rolls-Royce Holding PLC has a one year low of GBX 497.00 and a one year high of GBX 875.50. The company’s market capitalization is GBX 11.93 billion.
In related news, insider Cairnie ,Ruth purchased 256 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased 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 purchased 509 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Friday, October 7th. The shares were bought at an average price of GBX 778 ($9.72) per share, with a total value 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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