Rolls-Royce Holdings Receives “Buy” Rating from Cantor Fitzgerald Europe (RR)
Rolls-Royce Holdings (LON:RR)‘s stock had its “buy” rating restated by equities research analysts at Cantor Fitzgerald Europe in a research note issued to investors on Tuesday, Stock Ratings News reports. They currently have a GBX 1,540 ($25.28) price target on the stock. Cantor Fitzgerald Europe’s price objective suggests a potential upside of 23.30% from the stock’s previous close.
Rolls-Royce Holdings (LON:RR) traded down 0.24% during mid-day trading on Tuesday, hitting GBX 1246.00. 2,848,393 shares of the company’s stock traded hands. 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 1239.56 and its 200-day moving average is GBX 1179.. The company’s market cap is £23.213 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Rolls-Royce Holdings in a research note to investors on Tuesday. They now have a GBX 1,090 ($17.89) price target on the stock. Separately, analysts at Investec downgraded shares of Rolls-Royce Holdings to an “add” rating in a research note to investors on Monday, January 13th. They now have a GBX 1,350 ($22.16) price target on the stock, up previously from GBX 1,250 ($20.52). Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Rolls-Royce Holdings from GBX 1,460 ($23.97) to GBX 1,520 ($24.95) in a research note to investors on Friday, January 10th. They now have an “overweight” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,236.47 ($20.30).
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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