Rolls-Royce Holding PLC (RR) Receives Hold Rating from Berenberg Bank
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a report released on Tuesday. They currently have a GBX 770 ($10.02) target price on the stock. Berenberg Bank’s price objective points to a potential downside of 11.80% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Citigroup Inc reissued a “buy” rating and issued a GBX 920 ($11.97) price objective on shares of Rolls-Royce Holding PLC in a research note on Wednesday, April 5th. Goldman Sachs Group Inc upgraded shares of Rolls-Royce Holding PLC to a “buy” rating and boosted their price objective for the stock from GBX 743 ($9.67) to GBX 1,030 ($13.40) in a research report on Monday, February 20th. BNP Paribas boosted their price objective on shares of Rolls-Royce Holding PLC from GBX 530 ($6.89) to GBX 580 ($7.55) and gave the stock an “underperform” rating in a research report on Monday, January 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 740 ($9.63) price objective on shares of Rolls-Royce Holding PLC in a research report on Friday, April 21st. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 670 ($8.72) target price on shares of Rolls-Royce Holding PLC in a report on Tuesday, February 14th. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 696.60 ($9.06).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 873.00 on Tuesday. The firm has a 50-day moving average of GBX 834.14 and a 200 day moving average of GBX 739.07. Rolls-Royce Holding PLC has a 52-week low of GBX 588.00 and a 52-week high of GBX 895.00. The stock’s market capitalization is GBX 16.05 billion.
In other news, insider Ruth Cairnie acquired 229 shares of the stock in a transaction on Monday, May 8th. The stock was bought at an average price of GBX 848 ($11.03) per share, with a total value of £1,941.92 ($2,526.24). Also, insider Kevin Smith acquired 335 shares of the stock in a transaction on Friday, April 7th. The stock was purchased at an average cost of GBX 788 ($10.25) per share, with a total value of £2,639.80 ($3,434.11). Insiders acquired 1,130 shares of company stock valued at $915,700 in the last ninety days.
About Rolls-Royce Holding PLC
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