Rolls-Royce Holdings Stock Rating Reaffirmed by Cantor Fitzgerald Europe (RR)
Rolls-Royce Holdings (LON:RR)‘s stock had its “buy” rating reaffirmed by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Tuesday, AnalystRatings.NET reports. They currently have a GBX 1,540 ($25.28) target price on the stock. Cantor Fitzgerald Europe’s price target indicates a potential upside of 23.60% from the stock’s previous close.
Shares of Rolls-Royce Holdings (LON:RR) traded down 0.24% on Tuesday, hitting GBX 1246.00. 2,962,071 shares of the company’s stock traded hands. Rolls-Royce Holdings has a 1-year low of GBX 921.00 and a 1-year high of GBX 1294.00. The stock has a 50-day moving average of GBX 1239. and a 200-day moving average of GBX 1179.. The company’s market cap is £23.213 billion.
Other equities research analysts have also recently issued reports about 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price 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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