Rolls-Royce Holding PLC (LON:RR) Earns “Underperform” Rating from Credit Suisse Group
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “underperform” rating reiterated by investment analysts at Credit Suisse Group in a research note issued on Thursday. They currently have a GBX 665 ($8.68) price target on the stock. Credit Suisse Group’s price target would indicate a potential downside of 27.87% from the company’s current price.
A number of other research firms have also recently issued reports on RR. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 780 ($10.19) target price on shares of Rolls-Royce Holding PLC in a report on Thursday, June 22nd. Deutsche Bank AG increased their target price on Rolls-Royce Holding PLC from GBX 525 ($6.86) to GBX 570 ($7.44) and gave the stock a “sell” rating in a report on Friday, July 14th. Barclays PLC reiterated an “underweight” rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, July 18th. Kepler Capital Markets increased their target price on Rolls-Royce Holding PLC from GBX 570 ($7.44) to GBX 790 ($10.32) and gave the stock a “reduce” rating in a report on Wednesday. Finally, Jefferies Group LLC increased their target price on Rolls-Royce Holding PLC from GBX 900 ($11.75) to GBX 1,100 ($14.36) and gave the stock a “buy” rating in a report on Wednesday, July 5th. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 761.50 ($9.94).
Shares of Rolls-Royce Holding PLC (RR) traded up 0.60% on Thursday, hitting GBX 922.00. The stock had a trading volume of 4,099,621 shares. Rolls-Royce Holding PLC has a one year low of GBX 635.00 and a one year high of GBX 944.00. The company’s market capitalization is GBX 16.95 billion. The firm has a 50 day moving average price of GBX 911.25 and a 200 day moving average price of GBX 801.07.
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In other news, insider Ruth Cairnie bought 229 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was acquired at an average cost of GBX 848 ($11.07) per share, for a total transaction of £1,941.92 ($2,535.81). Also, insider Kevin Smith bought 311 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was purchased at an average price of GBX 848 ($11.07) per share, with a total value of £2,637.28 ($3,443.82). Insiders purchased a total of 942 shares of company stock valued at $820,868 over the last quarter.
About Rolls-Royce Holding PLC
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