Rolls-Royce Holding PLC Stock Rating Reaffirmed by JPMorgan Chase & Co. (RR)
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. They currently have a GBX 1,300 ($21.86) price objective on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 20.82% from the company’s current price.
Rolls-Royce Holding PLC (LON:RR) traded down 5.48% during mid-day trading on Wednesday, hitting GBX 1017.00. The stock had a trading volume of 11,718,712 shares. Rolls-Royce Holding PLC has a one year low of GBX 952.0001 and a one year high of GBX 1294.00. The stock has a 50-day moving average of GBX 1030. and a 200-day moving average of GBX 1114.. The company’s market cap is £19.123 billion.
RR has been the subject of a number of other recent research reports. Analysts at Investec raised their price target on shares of Rolls-Royce Holding PLC from GBX 1,160 ($19.50) to GBX 1,225 ($20.60) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Rolls-Royce Holding PLC in a research note on Monday. They now have a GBX 890 ($14.96) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Rolls-Royce Holding PLC in a research note on Wednesday, May 28th. They now have a GBX 1,400 ($23.54) price target on the stock. Five equities research 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. Rolls-Royce Holding PLC presently has a consensus rating of “Hold” and an average price target of GBX 1,101.65 ($18.52).
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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