Rolls-Royce Holdings Stock Rating Reaffirmed by Deutsche Bank (RR)
Rolls-Royce Holdings (LON:RR)‘s stock had its “sell” rating reiterated by stock analysts at Deutsche Bank in a report issued on Tuesday, Analyst Ratings Net reports. They currently have a GBX 1,090 ($17.89) price objective on the stock. Deutsche Bank’s price target would indicate a potential downside of 11.67% from the stock’s previous close.
Rolls-Royce Holdings (LON:RR) traded down 0.96% on Tuesday, hitting GBX 1234.00. The stock had a trading volume of 3,070,242 shares. Rolls-Royce Holdings has a 1-year low of GBX 922.25 and a 1-year high of GBX 1294.00. The stock’s 50-day moving average is GBX 1240. and its 200-day moving average is GBX 1180.. The company’s market cap is £22.989 billion.
A number of other analysts have also recently weighed in on RR. 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). Separately, 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. Finally, 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 ($22.16) price target on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average 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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