Rolls-Royce Holdings Stock Rating Lowered by Investec (RR)
Rolls-Royce Holdings (LON:RR) was downgraded by analysts at Investec to an “add” rating in a research report issued to clients and investors on Monday, AnalystRatings.NET reports. They currently have a GBX 1,350 ($22.25) target price on the stock, up from their previous target price of GBX 1,250 ($20.60). Investec’s price objective suggests a potential upside of 8.26% from the stock’s previous close.
Rolls-Royce Holdings (LON:RR) opened at 1250.00 on Monday. Rolls-Royce Holdings has a 52-week low of GBX 921.00 and a 52-week high of GBX 1294.00. The stock’s 50-day moving average is GBX 1239. and its 200-day moving average is GBX 1178.. The company’s market cap is £23.288 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Rolls-Royce Holdings from GBX 1,460 ($24.06) to GBX 1,520 ($25.05) in a research note to investors on Friday, January 10th. They now have an “overweight” rating on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Rolls-Royce Holdings in a research note to investors on Thursday, January 9th. They now have a GBX 1,350 ($22.25) price target on the stock. Finally, 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 ($18.13) price target on the stock, up previously from GBX 950 ($15.66). Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. Rolls-Royce Holdings presently has an average rating of “Hold” and a consensus price target of GBX 1,225.91 ($20.20).
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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