Rolls-Royce Holding PLC Rating Increased to Hold at Societe Generale (RR)
Rolls-Royce Holding PLC (LON:RR) was upgraded by equities researchers at Societe Generale to a “hold” rating in a research report issued on Friday. The firm currently has a GBX 1,090 ($18.50) target price on the stock, up from their previous target price of GBX 950 ($16.13). Societe Generale’s price objective would indicate a potential downside of 0.18% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “underweight” rating on shares of Rolls-Royce Holding PLC in a research note on Friday. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Rolls-Royce Holding PLC in a research note on Friday. They now have a GBX 1,050 ($17.82) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Rolls-Royce Holding PLC from GBX 860 ($14.60) to GBX 900 ($15.28) in a research note on Friday. They now have a “sell” rating on the stock. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,099.30 ($18.66).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 1091.8199 on Friday. Rolls-Royce Holding PLC has a 52-week low of GBX 952.0001 and a 52-week high of GBX 1294.00. The stock has a 50-day moving average of GBX 1028.68 and a 200-day moving average of GBX 1104.. The company’s market cap is £20.530 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.