Rolls-Royce Holding PLC PT Raised to GBX 900 at Deutsche Bank (RR)
Equities research analysts at Deutsche Bank hoisted their price objective on shares of Rolls-Royce Holding PLC (LON:RR) from GBX 860 ($14.60) to GBX 900 ($15.28) in a research note issued to investors on Friday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s target price would indicate a potential downside of 17.05% from the stock’s previous close.
A number of other analysts have also recently weighed in on RR. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rolls-Royce Holding PLC in a research note on Thursday. Separately, analysts at Investec reiterated a “buy” rating on shares of Rolls-Royce Holding PLC in a research note on Thursday. They now have a GBX 1,225 ($20.79) price target on the stock. Finally, analysts at Westhouse Securities initiated coverage on shares of Rolls-Royce Holding PLC in a research note on Thursday. They set a “neutral” rating and a GBX 1,050 ($17.82) price target on the stock. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,099.30 ($18.66).
Rolls-Royce Holding PLC (LON:RR) traded down 0.64% during mid-day trading on Friday, hitting GBX 1085.00. 12,679,274 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 1029. and a 200-day moving average of GBX 1104.. The company’s market cap is £20.401 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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