Rolls-Royce Holding PLC (RR) Earns Buy Rating from Citigroup Inc.
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued on Friday, Marketbeat Ratings reports. They currently have a GBX 1,137 ($14.85) target price on the stock. Citigroup Inc.’s price target would indicate a potential upside of 23.32% from the company’s current price.
Several other analysts have also recently weighed in on RR. Barclays PLC reiterated an “underweight” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, July 18th. Kepler Capital Markets boosted their target price on shares of Rolls-Royce Holding PLC from GBX 570 ($7.44) to GBX 790 ($10.32) and gave the company a “reduce” rating in a research report on Wednesday. J P Morgan Chase & Co boosted their target price on shares of Rolls-Royce Holding PLC from GBX 780 ($10.19) to GBX 950 ($12.41) and gave the company a “neutral” rating in a research report on Wednesday, July 5th. Credit Suisse Group restated an “underperform” rating and issued a GBX 665 ($8.68) target price on shares of Rolls-Royce Holding PLC in a research report on Thursday. Finally, Jefferies Group LLC boosted their target price on shares of Rolls-Royce Holding PLC from GBX 900 ($11.75) to GBX 1,100 ($14.36) and gave the company a “buy” rating in a research report on Wednesday, July 5th. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 761.50 ($9.94).
Rolls-Royce Holding PLC (RR) opened at 922.00 on Friday. The company has a 50-day moving average of GBX 911.25 and a 200 day moving average of GBX 801.07. The firm’s market cap is GBX 16.95 billion. Rolls-Royce Holding PLC has a 52-week low of GBX 635.00 and a 52-week high of GBX 944.00.
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In other Rolls-Royce Holding PLC news, insider Kevin Smith bought 311 shares of Rolls-Royce Holding PLC stock in a transaction on Friday, May 5th. The shares were purchased at an average cost of GBX 848 ($11.07) per share, with a total value of £2,637.28 ($3,443.82). Also, insider Lee Hsien Yang bought 107 shares of Rolls-Royce Holding PLC stock in a transaction on Friday, July 7th. The shares were acquired at an average cost of GBX 919 ($12.00) per share, for a total transaction of £983.33 ($1,284.06). Over the last quarter, insiders have purchased 942 shares of company stock valued at $820,868.
About Rolls-Royce Holding PLC
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