Rolls-Royce Holding PLC Given New GBX 860 Price Target at Deutsche Bank (RR)
Research analysts at Deutsche Bank reduced their price objective on shares of Rolls-Royce Holding PLC (LON:RR) from GBX 900 ($15.28) to GBX 860 ($14.60) in a report released on Friday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s price objective points to a potential downside of 17.31% from the stock’s previous close.
A number of other analysts have also recently weighed in on RR. Analysts at RBC Capital reiterated an “outperform” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday. They now have a GBX 1,260 ($21.40) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Rolls-Royce Holding PLC in a research note on Monday, July 28th. They now have a GBX 1,050 ($17.83) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rolls-Royce Holding PLC in a research note on Friday, July 25th. They now have a GBX 1,200 ($20.38) price target on the stock. Five analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,148.12 ($19.50).
Rolls-Royce Holding PLC (LON:RR) remained flat at GBX 1040.00 during during mid-day trading trading on Friday. 4,558,365 shares of the company’s stock traded hands. Rolls-Royce Holding PLC has a 52-week low of GBX 952.00 and a 52-week high of GBX 1294.00. The stock has a 50-day moving average of GBX 1046. and a 200-day moving average of GBX 1065.. The company’s market cap is £19.469 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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