RBC Capital Reaffirms Outperform Rating for Rolls-Royce Holding PLC (RR)
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “outperform” rating reiterated by equities researchers at RBC Capital in a research report issued on Wednesday. They currently have a GBX 1,270 ($21.02) price objective on the stock. RBC Capital’s price objective indicates a potential upside of 23.78% from the company’s current price.
Rolls-Royce Holding PLC (LON:RR) traded up 0.97% during mid-day trading on Wednesday, hitting GBX 1036.00. The stock had a trading volume of 1,320,745 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 has a 50-day moving average of GBX 1042. and a 200-day moving average of GBX 1043.. The company’s market cap is £19.394 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Rolls-Royce Holding PLC in a research note on Friday, August 22nd. They now have a GBX 1,400 ($23.17) price target on the stock. Separately, analysts at Westhouse Securities cut their price target on shares of Rolls-Royce Holding PLC from GBX 1,050 ($17.38) to GBX 1,040 ($17.21) in a research note on Wednesday, August 6th. They now have a “neutral” rating on the stock. Finally, 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 ($19.86) price target on the stock. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Rolls-Royce Holding PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 1,152.12 ($19.07).
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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