Rolls-Royce Group plc Price Target Increased to $1,400.00 by Analysts at Jefferies Group (RYCEY)
Equities researchers at Jefferies Group boosted their target price on shares of Rolls-Royce Group plc (NASDAQ:RYCEY) from $1,250.00 to $1,400.00 in a research report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock.
A number of other analysts have also recently weighed in on RYCEY. Analysts at Charles Stanley reiterated an “accumulate” rating on shares of Rolls-Royce Group plc (NASDAQ:RYCEY) in a research note to investors on Thursday, September 19th. Separately, analysts at Investec downgraded shares of Rolls-Royce Group plc (NASDAQ:RYCEY) to an “add” rating in a research note to investors on Wednesday, September 18th. They now have a $1,180.00 price target on the stock, down previously from $1,340.00. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Rolls-Royce Group plc (NASDAQ:RYCEY) in a research note to investors on Friday, September 13th.
Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $1,188.85.
Rolls-Royce Group plc (NASDAQ:RYCEY) traded up 1.50% on Tuesday, hitting $90.83. The stock had a trading volume of 5,764 shares. Rolls-Royce Group plc has a 1-year low of $66.95 and a 1-year high of $95.64. The stock has a 50-day moving average of $89.00 and a 200-day moving average of $88.69. The company has a market cap of $33.843 billion and a price-to-earnings ratio of 29.25.
Rolls-Royce Holdings plc, formerly Rolls-Royce Group plc is a provider of power systems and services for use on land, at sea and in the air.
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