Rolls-Royce Holding PLC (RR) Price Target Raised to GBX 900 at Jefferies Group
Rolls-Royce Holding PLC (LON:RR) had its target price increased by investment analysts at Jefferies Group from GBX 800 ($9.90) to GBX 900 ($11.14) in a report released on Thursday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 19.36% from the company’s previous close.
A number of other analysts have also commented on the stock. Panmure Gordon reaffirmed a “sell” rating and set a GBX 500 ($6.19) price objective on shares of Rolls-Royce Holding PLC in a research note on Wednesday, July 13th. JPMorgan Chase & Co. upped their price objective on shares of Rolls-Royce Holding PLC from GBX 730 ($9.03) to GBX 835 ($10.33) and gave the company a “neutral” rating in a research note on Thursday, August 11th. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 595 ($7.36) target price on shares of Rolls-Royce Holding PLC in a report on Monday, October 3rd. Deutsche Bank AG reiterated a “sell” rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 16th. Finally, Morgan Stanley upgraded Rolls-Royce Holding PLC to an “equal weight” rating and upped their target price for the company from GBX 655 ($8.11) to GBX 780 ($9.65) in a report on Wednesday, August 10th. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. Rolls-Royce Holding PLC presently has a consensus rating of “Hold” and an average target price of GBX 612.58 ($7.58).
Rolls-Royce Holding PLC (LON:RR) opened at 754.00 on Thursday. The firm’s market capitalization is GBX 13.81 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 750.15 and its 200-day moving average is GBX 702.22.
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In other news, insider Frank Chapman bought 509 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Friday, October 7th. The stock was purchased at an average cost of GBX 778 ($9.63) per share, with a total value of £3,960.02 ($4,901.01). Also, insider Cairnie ,Ruth bought 256 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased at an average cost of GBX 757 ($9.37) per share, with a total value of £1,937.92 ($2,398.42).
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.
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