JPMorgan Chase & Co. Boosts Rolls-Royce Holding PLC (RR) Price Target to GBX 890
Rolls-Royce Holding PLC (LON:RR) had its price target hoisted by analysts at JPMorgan Chase & Co. from GBX 835 ($10.33) to GBX 890 ($11.01) in a report released on Monday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 13.30% from the company’s current price.
Several other research analysts have also recently issued reports on the company. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 595 ($7.36) price objective on shares of Rolls-Royce Holding PLC in a research report on Sunday. Liberum Capital reiterated a “hold” rating on shares of Rolls-Royce Holding PLC in a research report on Thursday, September 22nd. Panmure Gordon reiterated a “sell” rating and issued a GBX 500 ($6.19) price objective on shares of Rolls-Royce Holding PLC in a research report on Tuesday, September 20th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 743 ($9.20) price objective on shares of Rolls-Royce Holding PLC in a research report on Sunday, September 11th. Finally, Barclays PLC reiterated an “underweight” rating and issued a GBX 480 ($5.94) price objective on shares of Rolls-Royce Holding PLC in a research report on Tuesday, September 6th. Eight analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 607.32 ($7.52).
Shares of Rolls-Royce Holding PLC (LON:RR) traded up 1.29% during mid-day trading on Monday, reaching GBX 785.50. 4,253,555 shares of the company traded hands. The stock’s market capitalization is GBX 14.39 billion. The company’s 50 day moving average is GBX 750.32 and its 200 day moving average is GBX 701.18. Rolls-Royce Holding PLC has a 52-week low of GBX 497.00 and a 52-week high of GBX 875.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/jpmorgan-chase-co-boosts-rolls-royce-holding-plc-rr-price-target-to-gbx-890.html
In related news, insider Frank Chapman bought 509 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were acquired at an average cost of GBX 778 ($9.63) per share, for a total transaction of £3,960.02 ($4,901.01). Also, insider Cairnie ,Ruth bought 254 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were bought at an average price of GBX 764 ($9.46) per share, for a total transaction of £1,940.56 ($2,401.68).
Rolls-Royce Holding PLC Company Profile
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.
Receive News & Ratings for Rolls-Royce Holding PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holding PLC and related companies with MarketBeat.com's FREE daily email newsletter.