Deutsche Bank AG Cuts Rolls-Royce Holding PLC (RR) Price Target to GBX 525
Rolls-Royce Holding PLC (LON:RR) had its price objective dropped by Deutsche Bank AG from GBX 540 ($6.97) to GBX 525 ($6.78) in a report released on Thursday. The brokerage presently has a “sell” rating on the stock. Deutsche Bank AG’s target price indicates a potential downside of 38.27% from the stock’s current price.
A number of other brokerages have also recently weighed in on RR. Liberum Capital reaffirmed a “hold” rating and issued a GBX 670 ($8.65) price target on shares of Rolls-Royce Holding PLC in a research report on Thursday, May 4th. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 665 ($8.58) price objective on shares of Rolls-Royce Holding PLC in a research report on Wednesday, April 19th. Citigroup Inc reissued a “buy” rating and set a GBX 912 ($11.77) price objective on shares of Rolls-Royce Holding PLC in a research report on Friday, May 5th. Goldman Sachs Group Inc boosted their price objective on Rolls-Royce Holding PLC from GBX 1,030 ($13.30) to GBX 1,037 ($13.39) and gave the stock a “conviction-buy” rating in a research report on Friday, May 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 740 ($9.55) price objective on shares of Rolls-Royce Holding PLC in a research report on Friday, April 21st. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 696.60 ($8.99).
Rolls-Royce Holding PLC (LON:RR) traded up 0.95% during midday trading on Thursday, hitting GBX 850.50. The stock had a trading volume of 8,940,215 shares. The company’s 50-day moving average price is GBX 817.83 and its 200 day moving average price is GBX 733.34. The stock’s market cap is GBX 15.64 billion. Rolls-Royce Holding PLC has a 12-month low of GBX 588.00 and a 12-month high of GBX 895.00.
In other news, insider Ruth Cairnie purchased 255 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were purchased at an average cost of GBX 760 ($9.81) per share, for a total transaction of £1,938 ($2,501.61). Also, insider Kevin Smith purchased 335 shares of the stock in a transaction that occurred on Friday, April 7th. The shares were purchased at an average price of GBX 788 ($10.17) per share, for a total transaction of £2,639.80 ($3,407.51). Insiders have purchased 1,130 shares of company stock worth $915,700 over the last 90 days.
Rolls-Royce Holding PLC Company Profile
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