Rolls-Royce Holding PLC (LON:RR) had its price objective boosted by Jefferies Group from GBX 800 ($9.75) to GBX 900 ($10.97) in a report released on Thursday morning. The firm currently has a buy rating on the stock.
A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. increased their price target on Rolls-Royce Holding PLC from GBX 835 ($10.18) to GBX 890 ($10.85) and gave the company a neutral rating in a research report on Monday, October 10th. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 595 ($7.25) price target on shares of Rolls-Royce Holding PLC in a research report on Sunday, October 9th. Liberum Capital reaffirmed a hold rating on shares of Rolls-Royce Holding PLC in a research report on Thursday, September 22nd. Panmure Gordon reaffirmed a sell rating and issued a GBX 500 ($6.09) price target on shares of Rolls-Royce Holding PLC in a research report on Tuesday, September 20th. Finally, Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 743 ($9.06) price target on shares of Rolls-Royce Holding PLC in a research report on Sunday, September 11th. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 612.58 ($7.47).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 771.50 on Thursday. Rolls-Royce Holding PLC has a 52-week low of GBX 497.00 and a 52-week high of GBX 875.50. The stock’s market cap is GBX 14.13 billion. The firm has a 50-day moving average price of GBX 747.33 and a 200 day moving average price of GBX 703.94.
In other news, insider Smith,David bought 6,116 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were bought at an average cost of GBX 818 ($9.97) per share, for a total transaction of £50,028.88 ($60,973.65). Also, insider Frank Chapman bought 509 shares of the firm’s stock in a transaction on Friday, October 7th. The shares were purchased at an average price of GBX 778 ($9.48) per share, for a total transaction of £3,960.02 ($4,826.35).
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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