Rolls-Royce Holding PLC (RR) Stock Rating Reaffirmed by Credit Suisse Group AG
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “underperform” rating reissued by Credit Suisse Group AG in a note issued to investors on Sunday, StockTargetPrices.com reports. They currently have a GBX 595 ($7.77) target price on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 23.28% from the stock’s current price.
Several other research analysts have also commented on the company. Liberum Capital reiterated a “hold” rating on shares of Rolls-Royce Holding PLC in a report on Thursday, September 22nd. Panmure Gordon reiterated a “sell” rating and set a GBX 500 ($6.53) price target on shares of Rolls-Royce Holding PLC in a report on Tuesday, September 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 835 ($10.90) price target on shares of Rolls-Royce Holding PLC in a report on Wednesday, September 14th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 743 ($9.70) price target on shares of Rolls-Royce Holding PLC in a report on Sunday, September 11th. Finally, Barclays PLC reiterated an “underweight” rating and set a GBX 480 ($6.27) price target on shares of Rolls-Royce Holding PLC in a report on Tuesday, September 6th. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. Rolls-Royce Holding PLC has an average rating of “Hold” and an average target price of GBX 604.42 ($7.89).
Rolls-Royce Holding PLC (LON:RR) opened at 775.50 on Friday. Rolls-Royce Holding PLC has a one year low of GBX 497.00 and a one year high of GBX 875.50. The company’s market capitalization is GBX 14.21 billion. The firm’s 50-day moving average is GBX 751.54 and its 200 day moving average is GBX 700.40.
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In other Rolls-Royce Holding PLC news, insider Smith,David purchased 6,116 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was purchased at an average cost of GBX 818 ($10.68) per share, with a total value of £50,028.88 ($65,303.33). Also, insider Frank Chapman purchased 509 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was acquired at an average cost of GBX 778 ($10.16) per share, with a total value of £3,960.02 ($5,169.06).
About Rolls-Royce Holding PLC
Rolls-Royce Holdings plc is a provider of an integrated power and propulsion solutions. The Company operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses. Its civil aerospace business is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services.
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