J P Morgan Chase & Co Boosts Rolls-Royce Holding PLC (LON:RR) Price Target to GBX 950
Rolls-Royce Holding PLC (LON:RR) had its price objective boosted by equities researchers at J P Morgan Chase & Co from GBX 780 ($10.10) to GBX 950 ($12.31) in a research note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price target points to a potential upside of 1.44% from the company’s previous close.
Several other analysts also recently issued reports on the stock. Goldman Sachs Group, Inc. (The) boosted their target price on shares of Rolls-Royce Holding PLC from GBX 1,030 ($13.34) to GBX 1,037 ($13.43) and gave the company a “conviction-buy” rating in a research note on Friday, May 5th. Deutsche Bank AG dropped their price target on shares of Rolls-Royce Holding PLC from GBX 540 ($6.99) to GBX 525 ($6.80) and set a “sell” rating on the stock in a research note on Thursday, May 18th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 912 ($11.81) price target on shares of Rolls-Royce Holding PLC in a research note on Friday, May 5th. Berenberg Bank upped their price target on shares of Rolls-Royce Holding PLC from GBX 710 ($9.20) to GBX 770 ($9.97) and gave the stock a “hold” rating in a research note on Friday, March 10th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a GBX 480 ($6.22) price target on shares of Rolls-Royce Holding PLC in a research note on Monday, March 20th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 723.93 ($9.38).
Shares of Rolls-Royce Holding PLC (RR) traded up 2.29% during midday trading on Wednesday, hitting GBX 936.50. The stock had a trading volume of 4,190,051 shares. The company’s 50-day moving average price is GBX 887.69 and its 200-day moving average price is GBX 775.63. Rolls-Royce Holding PLC has a 12-month low of GBX 635.00 and a 12-month high of GBX 944.00. The firm’s market cap is GBX 17.22 billion.
In related news, insider Lee Hsien Yang bought 107 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Friday, July 7th. The stock was acquired at an average price of GBX 919 ($11.90) per share, for a total transaction of £983.33 ($1,273.74). Also, insider Ruth Cairnie bought 229 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Monday, May 8th. The stock was bought at an average price of GBX 848 ($10.98) per share, with a total value of £1,941.92 ($2,515.44). In the last quarter, insiders purchased 942 shares of company stock valued at $820,868.
About Rolls-Royce Holding PLC
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