Liberum Capital Reaffirms “Hold” Rating for Rolls-Royce (RR)
Rolls-Royce (LON:RR)‘s stock had its “hold” rating restated by equities research analysts at Liberum Capital in a research report issued on Wednesday. They presently have a GBX 670 ($9.02) target price on the stock. Liberum Capital’s price objective points to a potential downside of 19.37% from the stock’s current price.
A number of other research analysts have also recently issued reports on the stock. Deutsche Bank decreased their price target on shares of Rolls-Royce from GBX 570 ($7.67) to GBX 560 ($7.54) and set a “sell” rating for the company in a report on Thursday, August 31st. Citigroup reaffirmed a “buy” rating and issued a GBX 1,090 ($14.67) price target on shares of Rolls-Royce in a report on Friday, September 15th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Rolls-Royce in a report on Tuesday, October 24th. Barclays raised their price target on shares of Rolls-Royce from GBX 600 ($8.08) to GBX 670 ($9.02) and gave the stock an “underweight” rating in a report on Wednesday, November 8th. Finally, Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 1,208 ($16.26) price target on shares of Rolls-Royce in a report on Friday, November 24th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 840.67 ($11.31).
Rolls-Royce (LON RR) traded up GBX 8 ($0.11) during trading hours on Wednesday, reaching GBX 831 ($11.18). 7,136,109 shares of the company were exchanged, compared to its average volume of 4,550,000. Rolls-Royce has a 12 month low of GBX 635 ($8.55) and a 12 month high of GBX 994.50 ($13.38).
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