Rolls-Royce Holding PLC Stock Rating Reaffirmed by Sanford C. Bernstein (RR)
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “underperform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday. They currently have a GBX 890 ($15.11) target price on the stock. Sanford C. Bernstein’s price objective suggests a potential downside of 11.44% from the stock’s previous close.
Rolls-Royce Holding PLC (LON:RR) opened at 1014.0001 on Tuesday. 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 1108.. The company’s market cap is £19.066 billion.
RR has been the subject of a number of other recent research reports. Analysts at Berenberg Bank initiated coverage on shares of Rolls-Royce Holding PLC in a research note on Tuesday. They set a “buy” rating and a GBX 1,216 ($20.64) price target on the stock. Separately, 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). Finally, 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. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Rolls-Royce Holding PLC currently has an average rating of “Hold” and an average price target of GBX 1,101.37 ($18.70).
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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