Rolls-Royce Holding PLC (RR) PT Raised to GBX 890 at JPMorgan Chase & Co.
Rolls-Royce Holding PLC (LON:RR) had its price target upped by analysts at JPMorgan Chase & Co. from GBX 835 ($10.90) to GBX 890 ($11.62) in a research report issued to clients and investors on Monday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 14.76% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Jefferies Group reaffirmed a “buy” rating and issued a GBX 800 ($10.44) price target on shares of Rolls-Royce Holding PLC in a research note on Monday, July 4th. Morgan Stanley raised shares of Rolls-Royce Holding PLC to an “equal weight” rating and lifted their price target for the company from GBX 655 ($8.55) to GBX 780 ($10.18) in a research note on Wednesday, August 10th. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Thursday, July 28th. Berenberg Bank reissued a “hold” rating and set a GBX 555 ($7.24) target price on shares of Rolls-Royce Holding PLC in a research report on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. decreased their target price on shares of Rolls-Royce Holding PLC from GBX 725 ($9.46) to GBX 718 ($9.37) and set a “neutral” rating for the company in a research report on Tuesday, June 28th. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 607.32 ($7.93).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 787.00 on Monday. The firm’s market capitalization is GBX 14.42 billion. Rolls-Royce Holding PLC has a 12 month low of GBX 497.00 and a 12 month high of GBX 875.50. 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 related news, insider Smith,David bought 6,116 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were purchased at an average cost of GBX 818 ($10.68) per share, for a total transaction of £50,028.88 ($65,303.33). Also, insider Cairnie ,Ruth bought 256 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was bought at an average price of GBX 757 ($9.88) per share, for a total transaction of £1,937.92 ($2,529.59).
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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