Rolls-Royce Holding PLC Lowered to Neutral at Citigroup Inc. (RR)
Rolls-Royce Holding PLC (LON:RR) was downgraded by stock analysts at Citigroup Inc. to a “neutral” rating in a report issued on Tuesday, Analyst Ratings Network reports. They currently have a GBX 1,070 ($17.93) price target on the stock, down from their previous price target of GBX 1,280 ($21.45). Citigroup Inc.’s price target would suggest a potential upside of 9.58% from the company’s current price.
Shares of Rolls-Royce Holding PLC (LON:RR) traded down 2.93% during mid-day trading on Tuesday, hitting GBX 976.5001. 11,944,416 shares of the company’s stock traded hands. Rolls-Royce Holding PLC has a 52 week low of GBX 976.00 and a 52 week high of GBX 1294.00. The stock’s 50-day moving average is GBX 1202. and its 200-day moving average is GBX 1173.81. The company’s market cap is £18.251 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Rolls-Royce Holding PLC in a research note on Friday. They now have a GBX 1,540 ($25.81) price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Rolls-Royce Holding PLC from GBX 1,430 ($23.97) to GBX 1,190 ($19.94) in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Societe Generale upgraded shares of Rolls-Royce Holding PLC to a “hold” rating in a research note on Friday. They now have a GBX 1,070 ($17.93) price target on the stock, down previously from GBX 1,150 ($19.27). Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,216.19 ($20.38).
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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