A number of other equities analysts have also recently issued reports on RR. Barclays PLC raised their target price on Rolls-Royce Holding PLC from GBX 400 ($5.22) to GBX 480 ($6.27) and gave the stock an underweight rating in a report on Friday, July 29th. Credit Suisse Group AG raised their target price on Rolls-Royce Holding PLC from GBX 590 ($7.70) to GBX 610 ($7.96) and gave the stock an underperform rating in a report on Friday, July 29th. JPMorgan Chase & Co. raised their target price on Rolls-Royce Holding PLC from GBX 730 ($9.53) to GBX 835 ($10.90) and gave the stock a neutral rating in a report on Thursday, August 11th. Deutsche Bank AG restated a sell rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 16th. Finally, Goldman Sachs Group Inc. lifted their price objective on Rolls-Royce Holding PLC from GBX 718 ($9.37) to GBX 743 ($9.70) and gave the company a neutral rating in a report on Monday, September 5th. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 604.42 ($7.89).
Rolls-Royce Holding PLC (LON:RR) opened at 716.50 on Tuesday. The firm’s market cap is GBX 13.13 billion. The company has a 50-day moving average price of GBX 763.36 and a 200-day moving average price of GBX 697.53. Rolls-Royce Holding PLC has a 12-month low of GBX 497.00 and a 12-month high of GBX 875.50.
In other news, insider Smith,David purchased 6,116 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Thursday, July 28th. The stock was acquired at an average cost of GBX 818 ($10.68) per share, for a total transaction of £50,028.88 ($65,303.33). Also, insider Cairnie ,Ruth purchased 254 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average price of GBX 764 ($9.97) per share, with a total value of £1,940.56 ($2,533.04).
About Rolls-Royce Holding PLC
Rolls-Royce Holdings plc is a provider of an integrated power and propulsion solutions. The Company operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses. Its civil aerospace business is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services.
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