Rolls-Royce Holding PLC (LON:RR) had its price target increased by JPMorgan Chase & Co. from GBX 835 ($10.33) to GBX 890 ($11.01) in a report issued on Monday. The firm currently has a neutral rating on the stock.
A number of other brokerages have also commented on RR. Credit Suisse Group AG lifted their price target on shares of Rolls-Royce Holding PLC from GBX 590 ($7.30) to GBX 610 ($7.55) and gave the stock an underperform rating in a research note on Friday, July 29th. Barclays PLC lifted their price target on shares of Rolls-Royce Holding PLC from GBX 400 ($4.95) to GBX 480 ($5.94) and gave the stock an underweight rating in a research note on Friday, July 29th. Deutsche Bank AG reiterated a sell rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, August 16th. Goldman Sachs Group Inc. lifted their price target on shares of Rolls-Royce Holding PLC from GBX 718 ($8.89) to GBX 743 ($9.20) and gave the stock a neutral rating in a research note on Monday, September 5th. Finally, Liberum Capital reiterated a hold rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, September 6th. Eight equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 612.58 ($7.58).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 755.00 on Monday. The company’s 50 day moving average is GBX 750.15 and its 200-day moving average is GBX 702.22. The stock’s market capitalization is GBX 13.83 billion. Rolls-Royce Holding PLC has a 52 week low of GBX 497.00 and a 52 week high of GBX 875.50.
In other news, insider Cairnie ,Ruth acquired 254 shares of the business’s stock in a transaction on Monday, August 8th. The shares were acquired at an average price of GBX 764 ($9.46) per share, for a total transaction of £1,940.56 ($2,401.68). Also, insider Frank Chapman acquired 509 shares of the business’s stock in a transaction on Friday, October 7th. The shares were purchased at an average price of GBX 778 ($9.63) per share, for a total transaction of £3,960.02 ($4,901.01).
About Rolls-Royce Holding PLC
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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