Rolls-Royce Holding PLC Coverage Initiated at Westhouse Securities (RR)
Equities researchers at Westhouse Securities initiated coverage on shares of Rolls-Royce Holding PLC (LON:RR) in a research report issued on Thursday. The firm set a “neutral” rating and a GBX 1,050 ($17.82) price target on the stock. Westhouse Securities’ price target would suggest a potential downside of 3.85% from the company’s current price.
A number of other analysts have also recently weighed in on RR. Analysts at Galvan Research reiterated a “buy” rating on shares of Rolls-Royce Holding PLC in a research note on Wednesday. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday. They now have a GBX 890 ($15.11) price target on the stock. Finally, 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. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Rolls-Royce Holding PLC has a consensus rating of “Hold” and a consensus target price of GBX 1,080.92 ($18.35).
Rolls-Royce Holding PLC (LON:RR) traded up 8.12% during mid-day trading on Thursday, hitting GBX 1092.00. The stock had a trading volume of 15,592,650 shares. Rolls-Royce Holding PLC has a 52-week low of GBX 952.0001 and a 52-week high of GBX 1294.00. The stock’s 50-day moving average is GBX 1028.68 and its 200-day moving average is GBX 1104.. The company’s market cap is £20.533 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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