Rolls-Royce Holdings Stock Rating Reaffirmed by Cantor Fitzgerald (RR)
Rolls-Royce Holdings (LON:RR)‘s stock had its “buy” rating reiterated by research analysts at Cantor Fitzgerald in a report released on Thursday, American Banking and Market News reports. They currently have a GBX 1,350 ($22.14) price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 8.17% from the stock’s previous close.
Shares of Rolls-Royce Holdings (LON:RR) traded down 2.95% on Thursday, hitting GBX 1248.00. The stock had a trading volume of 5,938,002 shares. Rolls-Royce Holdings has a 1-year low of GBX 493.098 and a 1-year high of GBX 1294.00. The stock’s 50-day moving average is GBX 1233.43 and its 200-day moving average is GBX 1171.. The company’s market cap is £23.250 billion.
A number of other analysts have also recently weighed in on RR. Analysts at Espirito Santo Investment Bank Research upgraded shares of Rolls-Royce Holdings to a “neutral” rating in a research note to investors on Monday, December 16th. They now have a GBX 1,100 ($18.04) price target on the stock, up previously from GBX 950 ($15.58). Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Rolls-Royce Holdings in a research note to investors on Monday, December 9th. They now have a GBX 1,400 ($22.96) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Rolls-Royce Holdings from GBX 1,020 ($16.73) to GBX 1,090 ($17.88) in a research note to investors on Thursday, December 5th. They now have a “sell” rating on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Rolls-Royce Holdings presently has an average rating of “Hold” and a consensus price target of GBX 1,213.39 ($19.90).
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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