Jefferies Group Reaffirms Buy Rating for Rolls-Royce Holding PLC (RR)
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group in a research report issued on Friday. They currently have a GBX 1,400 ($23.40) price objective on the stock. Jefferies Group’s target price points to a potential upside of 35.00% from the company’s current price.
Rolls-Royce Holding PLC (LON:RR) opened at 1029.00 on Friday. 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 1044. and a 200-day moving average of GBX 1047.. The company’s market cap is £19.263 billion.
A number of other firms have also recently commented on RR. Analysts at Westhouse Securities cut their price target on shares of Rolls-Royce Holding PLC from GBX 1,050 ($17.55) to GBX 1,040 ($17.39) in a research note on Wednesday, August 6th. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rolls-Royce Holding PLC in a research note on Wednesday, August 6th. They now have a GBX 1,200 ($20.06) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, August 5th. They now have a GBX 890 ($14.88) price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,151.62 ($19.25).
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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