Berenberg Bank Boosts Rolls-Royce Holding PLC (RR) Price Target to GBX 990
Rolls-Royce Holding PLC (LON:RR) had its price target upped by Berenberg Bank from GBX 770 ($10.03) to GBX 990 ($12.89) in a research note issued to investors on Wednesday. Berenberg Bank currently has a hold rating on the stock.
Several other equities research analysts have also commented on RR. Deutsche Bank AG reissued a sell rating and issued a GBX 570 ($7.42) price target on shares of Rolls-Royce Holding PLC in a report on Wednesday, August 2nd. Citigroup Inc. reissued a buy rating and issued a GBX 1,137 ($14.81) price target on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 1st. Liberum Capital reissued a hold rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 1st. Barclays PLC cut their price target on shares of Rolls-Royce Holding PLC from GBX 600 ($7.81) to GBX 480 ($6.25) and set an underweight rating for the company in a report on Monday, August 7th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 950 ($12.37) price target on shares of Rolls-Royce Holding PLC in a report on Monday, July 24th. Seven investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rolls-Royce Holding PLC presently has a consensus rating of Hold and an average price target of GBX 774.93 ($10.09).
Rolls-Royce Holding PLC (RR) opened at 910.00 on Wednesday. Rolls-Royce Holding PLC has a 1-year low of GBX 635.00 and a 1-year high of GBX 994.50. The stock’s market capitalization is GBX 16.69 billion. The company’s 50-day moving average is GBX 925.17 and its 200 day moving average is GBX 829.71.
In other Rolls-Royce Holding PLC news, insider Lee Hsien Yang purchased 102 shares of Rolls-Royce Holding PLC stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of GBX 966 ($12.58) per share, with a total value of £985.32 ($1,283.14). Also, insider Kevin Smith purchased 295 shares of Rolls-Royce Holding PLC stock in a transaction dated Wednesday, June 7th. The shares were acquired at an average cost of GBX 897 ($11.68) per share, for a total transaction of £2,646.15 ($3,445.96). Insiders acquired 504 shares of company stock worth $461,480 in the last ninety days.
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