Deutsche Bank AG Lowers Rolls-Royce Holding PLC (RR) Price Target to GBX 560
Rolls-Royce Holding PLC (LON:RR) had its target price reduced by Deutsche Bank AG from GBX 570 ($7.37) to GBX 560 ($7.24) in a note issued to investors on Thursday. The brokerage currently has a “sell” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential downside of 39.13% from the company’s current price.
RR has been the topic of a number of other reports. Citigroup Inc. restated a “buy” rating and issued a GBX 912 ($11.80) price target on shares of Rolls-Royce Holding PLC in a research report on Friday, May 5th. Credit Suisse Group restated an “underperform” rating and issued a GBX 665 ($8.60) price target on shares of Rolls-Royce Holding PLC in a research report on Tuesday, July 11th. Liberum Capital restated a “hold” rating on shares of Rolls-Royce Holding PLC in a research report on Friday, June 16th. Jefferies Group LLC boosted their price target on shares of Rolls-Royce Holding PLC from GBX 900 ($11.64) to GBX 1,100 ($14.23) and gave the company a “buy” rating in a research report on Wednesday, July 5th. Finally, Kepler Capital Markets boosted their price target on shares of Rolls-Royce Holding PLC from GBX 570 ($7.37) to GBX 790 ($10.22) and gave the company a “reduce” rating in a research report on Wednesday, July 19th. Seven investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Rolls-Royce Holding PLC has a consensus rating of “Hold” and an average target price of GBX 774.27 ($10.01).
Shares of Rolls-Royce Holding PLC (RR) opened at 920.00 on Thursday. The firm has a 50 day moving average of GBX 921.85 and a 200 day moving average of GBX 851.74. Rolls-Royce Holding PLC has a 52 week low of GBX 635.00 and a 52 week high of GBX 994.50. The firm’s market cap is GBX 16.87 billion.
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In other Rolls-Royce Holding PLC news, insider Kevin Smith purchased 295 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was acquired at an average cost of GBX 897 ($11.60) per share, with a total value of £2,646.15 ($3,422.34). Also, insider Lee Hsien Yang purchased 107 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average cost of GBX 919 ($11.89) per share, with a total value of £983.33 ($1,271.77). Over the last ninety days, insiders acquired 504 shares of company stock valued at $461,480.
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