Rolls-Royce Holdings’s “overweight” Rating Reaffirmed at JPMorgan Chase & Co. (RR)
Rolls-Royce Holdings (LON:RR)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, American Banking News.com reports. They currently have a GBX 1,460 ($23.61) price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 27.62% from the stock’s previous close.
Shares of Rolls-Royce Holdings (LON:RR) opened at 1170.8446 on Thursday. Rolls-Royce Holdings has a 1-year low of GBX 493.098 and a 1-year high of GBX 1248.00. The stock has a 50-day moving average of GBX 1116. and a 200-day moving average of GBX 1150.. The company’s market cap is £21.813 billion.
A number of other firms have also recently commented on RR. Analysts at AlphaValue reiterated a “reduce” rating on shares of Rolls-Royce Holdings in a research note to investors on Thursday, October 10th. They now have a GBX 1,043 ($16.87) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Rolls-Royce Holdings in a research note to investors on Wednesday, October 9th. They now have a GBX 1,365 ($22.07) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Rolls-Royce Holdings in a research note to investors on Tuesday, October 8th. They now have a GBX 1,100 ($17.79) price target on the stock. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 1,190.77 ($19.26).
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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