Rolls-Royce Holdings’s Reduce Rating Reaffirmed at AlphaValue (RR)
Rolls-Royce Holdings (LON:RR)‘s stock had its “reduce” rating restated by equities researchers at AlphaValue in a research report issued on Thursday, AmericanBankingNews.com reports. They currently have a GBX 1,043 ($16.73) target price on the stock. AlphaValue’s target price suggests a potential downside of 3.60% from the stock’s previous close.
A number of other analysts have also recently weighed in on RR. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Rolls-Royce Holdings in a research note to investors on Wednesday. They now have a GBX 1,365 ($21.90) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Rolls-Royce Holdings in a research note to investors on Tuesday. They now have a GBX 1,100 ($17.65) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Rolls-Royce Holdings in a research note to investors on Wednesday, September 25th. They now have a GBX 950 ($15.24) price target on the stock. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,187.91 ($19.06).
Shares of Rolls-Royce Holdings (LON:RR) traded up 3.05% on Thursday, hitting GBX 1115.00. The stock had a trading volume of 2,067,301 shares. Rolls-Royce Holdings has a 52 week low of GBX 493.098 and a 52 week high of GBX 1248.00. The stock has a 50-day moving average of GBX 1136. and a 200-day moving average of GBX 1146.. The company’s market cap is £20.772 billion.
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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