Deutsche Bank AG Reiterates Sell Rating for Rolls-Royce Holding PLC (RR)
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “sell” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday. They currently have a GBX 525 ($6.64) target price on the stock. Deutsche Bank AG’s price target points to a potential downside of 42.15% from the company’s current price.
A number of other research analysts have also issued reports on RR. BNP Paribas restated an “underperform” rating and issued a GBX 560 ($7.08) target price on shares of Rolls-Royce Holding PLC in a report on Wednesday, February 15th. Barclays PLC restated an “underweight” rating and issued a GBX 480 ($6.07) target price on shares of Rolls-Royce Holding PLC in a report on Wednesday, February 15th. Liberum Capital restated a “hold” rating and issued a GBX 670 ($8.48) target price on shares of Rolls-Royce Holding PLC in a report on Monday, February 20th. Goldman Sachs Group, Inc. (The) upgraded shares of Rolls-Royce Holding PLC to a “buy” rating and upped their target price for the company from GBX 743 ($9.40) to GBX 1,030 ($13.03) in a report on Monday, February 20th. Finally, Citigroup Inc. restated a “buy” rating and issued a GBX 920 ($11.64) target price on shares of Rolls-Royce Holding PLC in a report on Tuesday, February 21st. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Rolls-Royce Holding PLC currently has an average rating of “Hold” and a consensus target price of GBX 696.60 ($8.81).
Rolls-Royce Holding PLC (RR) traded up 1.40% during midday trading on Thursday, reaching GBX 907.50. 10,470,434 shares of the company traded hands. The company’s 50-day moving average price is GBX 866.21 and its 200 day moving average price is GBX 758.01. Rolls-Royce Holding PLC has a 12 month low of GBX 601.00 and a 12 month high of GBX 917.00. The firm’s market capitalization is GBX 16.69 billion.
In other Rolls-Royce Holding PLC news, insider Kevin Smith bought 295 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was purchased at an average price of GBX 897 ($11.35) per share, with a total value of £2,646.15 ($3,347.44). Also, insider Ruth Cairnie bought 229 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were acquired at an average cost of GBX 848 ($10.73) per share, with a total value of £1,941.92 ($2,456.57). In the last three months, insiders have purchased 1,170 shares of company stock valued at $986,515.
About Rolls-Royce Holding PLC
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