Rolls-Royce Holding PLC (LON:RR) Earns Neutral Rating from J P Morgan Chase & Co
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “neutral” rating reiterated by stock analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Monday. They currently have a GBX 950 ($12.38) price target on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 2.70% from the stock’s previous close.
Several other analysts have also issued reports on RR. Barclays PLC restated an “underweight” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, July 18th. Citigroup Inc. restated a “buy” rating and issued a GBX 1,137 ($14.81) target price on shares of Rolls-Royce Holding PLC in a research note on Friday. Kepler Capital Markets boosted their target price on Rolls-Royce Holding PLC from GBX 570 ($7.43) to GBX 790 ($10.29) and gave the company a “reduce” rating in a research note on Wednesday, July 19th. Deutsche Bank AG boosted their target price on Rolls-Royce Holding PLC from GBX 525 ($6.84) to GBX 570 ($7.43) and gave the company a “sell” rating in a research note on Friday, July 14th. Finally, Jefferies Group LLC boosted their target price on Rolls-Royce Holding PLC from GBX 900 ($11.72) to GBX 1,100 ($14.33) and gave the company a “buy” rating in a research note on Wednesday, July 5th. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 761.50 ($9.92).
Rolls-Royce Holding PLC (LON RR) traded up 0.33% on Monday, reaching GBX 925.00. The company’s stock had a trading volume of 4,452,663 shares. 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 17.01 billion. The firm has a 50 day moving average of GBX 911.25 and a 200 day moving average of GBX 801.07.
In other Rolls-Royce Holding PLC news, insider Ruth Cairnie purchased 229 shares of the stock in a transaction on Monday, May 8th. The stock was acquired at an average price of GBX 848 ($11.05) per share, with a total value of £1,941.92 ($2,529.86). Also, insider Kevin Smith purchased 295 shares of the stock in a transaction on Wednesday, June 7th. The shares were acquired at an average cost of GBX 897 ($11.69) per share, with a total value of £2,646.15 ($3,447.30). Insiders have purchased a total of 942 shares of company stock valued at $820,868 over the last 90 days.
About Rolls-Royce Holding PLC
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