Rolls-Royce Holding PLC Coverage Initiated by Analysts at Berenberg Bank (RR)
Berenberg Bank initiated coverage on shares of Rolls-Royce Holding PLC (LON:RR) in a research note issued on Tuesday. The firm set a “buy” rating and a GBX 1,216 ($20.64) price target on the stock. Berenberg Bank’s target price suggests a potential upside of 20.28% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale downgraded shares of Rolls-Royce Holding PLC to a “sell” rating in a research note on Monday. They now have a GBX 950 ($16.13) price target on the stock, down previously from GBX 1,070 ($18.16). Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Rolls-Royce Holding PLC in a research note on Thursday, June 12th. They now have a GBX 1,260 ($21.39) 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, June 11th. They now have a GBX 1,300 ($22.07) price target on the stock. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. Rolls-Royce Holding PLC has a consensus rating of “Hold” and an average price target of GBX 1,101.37 ($18.70).
Shares of Rolls-Royce Holding PLC (LON:RR) traded up 0.60% on Tuesday, hitting GBX 1010.9999. 3,615,506 shares of the company’s stock traded hands. Rolls-Royce Holding PLC has a 1-year low of GBX 952.0001 and a 1-year high of GBX 1294.00. The stock has a 50-day moving average of GBX 1027. and a 200-day moving average of GBX 1106.43. The company’s market cap is £19.010 billion.
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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