Rolls-Royce Group plc Price Target Raised to $1,280.00 at Citigroup Inc. (RYCEY)
Investment analysts at Citigroup Inc. upped their target price on shares of Rolls-Royce Group plc (NASDAQ:RYCEY) from $1,200.00 to $1,280.00 in a note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock.
Rolls-Royce Group plc (NASDAQ:RYCEY) traded up 2.85% during mid-day trading on Monday, hitting $91.20. The stock had a trading volume of 3,413 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 $89.57 and a 200-day moving average of $89.56. The company has a market cap of $33.981 billion and a price-to-earnings ratio of 28.98.
RYCEY has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of Rolls-Royce Group plc in a research note to investors on Friday, October 11th. They now have a $1,340.00 price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Rolls-Royce Group plc in a research note to investors on Tuesday, October 1st. They now have a $1,370.00 price target on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $1,202.50.
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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