Rolls-Royce Holding PLC (RR) Rating Reiterated by Deutsche Bank AG
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “sell” rating reissued by Deutsche Bank AG in a research note issued to investors on Thursday. They presently have a GBX 474 ($5.87) price target on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 37.14% from the company’s previous close.
A number of other brokerages have also recently commented on RR. Credit Suisse Group AG raised their target price on Rolls-Royce Holding PLC from GBX 590 ($7.30) to GBX 610 ($7.55) and gave the stock an “underperform” rating in a report on Friday, July 29th. Barclays PLC increased their price target on Rolls-Royce Holding PLC from GBX 400 ($4.95) to GBX 480 ($5.94) and gave the stock an “underweight” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. increased their price target on Rolls-Royce Holding PLC from GBX 730 ($9.03) to GBX 835 ($10.33) and gave the stock a “neutral” rating in a research note on Thursday, August 11th. Goldman Sachs Group Inc. increased their price target on Rolls-Royce Holding PLC from GBX 718 ($8.89) to GBX 743 ($9.20) and gave the stock a “neutral” rating in a research note on Monday, September 5th. Finally, Liberum Capital reiterated a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, September 6th. Eight equities research 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’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 612.58 ($7.58).
Rolls-Royce Holding PLC (LON:RR) opened at 756.50 on Thursday. The stock’s market capitalization is GBX 13.86 billion. The company’s 50-day moving average price is GBX 750.15 and its 200 day moving average price is GBX 702.22. 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 http://www.americanbankingnews.com/2016/10/13/rolls-royce-holding-plc-rr-rating-reiterated-by-deutsche-bank-ag.html
In related news, insider Smith,David purchased 6,116 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was purchased at an average price of GBX 818 ($10.12) per share, with a total value of £50,028.88 ($61,916.93). Also, insider Cairnie ,Ruth purchased 254 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were bought at an average cost of GBX 764 ($9.46) per share, with a total value of £1,940.56 ($2,401.68).
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.
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.