Rolls-Royce Holding PLC Given Sell Rating at Deutsche Bank (RR)
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “sell” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 860 ($14.45) price objective on the stock. Deutsche Bank’s price target indicates a potential downside of 15.77% from the company’s current price.
Shares of Rolls-Royce Holding PLC (LON:RR) traded down 0.39% during mid-day trading on Tuesday, hitting GBX 1021.00. 4,139,856 shares of the company’s stock traded hands. Rolls-Royce Holding PLC has a one year low of GBX 952.0001 and a one year high of GBX 1294.00. The stock’s 50-day moving average is GBX 1055. and its 200-day moving average is GBX 1143.. The company’s market cap is £19.198 billion.
A number of other firms have also recently commented on RR. Analysts at Canaccord Genuity initiated coverage on shares of Rolls-Royce Holding PLC in a research note on Monday. They set a “buy” rating and a GBX 1,200 ($20.16) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Rolls-Royce Holding PLC in a research note on Friday. They now have a GBX 1,270 ($21.34) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rolls-Royce Holding PLC in a research note on Wednesday, April 16th. They now have a GBX 1,400 ($23.52) price target on the stock. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. Rolls-Royce Holding PLC presently has an average rating of “Hold” and an average target price of GBX 1,170.60 ($19.67).
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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