Shares of Rolls-Royce Holding PLC (LON:RR) have received an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company. Eight research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 627.67 ($8.19).
Several analysts recently commented on RR shares. Morgan Stanley reiterated an “underweight” rating and issued a GBX 655 ($8.55) price objective on shares of Rolls-Royce Holding PLC in a research note on Monday, June 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 690 ($9.01) price objective on shares of Rolls-Royce Holding PLC in a research note on Wednesday, June 15th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 471 ($6.15) price objective (up previously from GBX 430 ($5.61)) on shares of Rolls-Royce Holding PLC in a research note on Friday, June 24th. BNP Paribas reiterated a “neutral” rating and issued a GBX 649 ($8.47) price objective on shares of Rolls-Royce Holding PLC in a research note on Monday, June 27th. Finally, Goldman Sachs Group Inc. reduced their price objective on shares of Rolls-Royce Holding PLC from GBX 725 ($9.46) to GBX 718 ($9.37) and set a “neutral” rating for the company in a research note on Tuesday, June 28th.
In other Rolls-Royce Holding PLC news, insider Smith,David purchased 6,116 shares of Rolls-Royce Holding PLC stock in a transaction on Thursday, July 28th. The shares were purchased at an average cost of GBX 818 ($10.68) per share, with a total value of £50,028.88 ($65,303.33). Also, insider Cairnie ,Ruth purchased 256 shares of Rolls-Royce Holding PLC stock in a transaction on Wednesday, September 7th. The shares were acquired at an average cost of GBX 757 ($9.88) per share, for a total transaction of £1,937.92 ($2,529.59).
Rolls-Royce Holding PLC (LON:RR) opened at 760.00 on Tuesday. The firm’s market cap is GBX 13.92 billion. Rolls-Royce Holding PLC has a 12 month low of GBX 497.00 and a 12 month high of GBX 875.50. The firm has a 50 day moving average of GBX 751.73 and a 200-day moving average of GBX 699.88.
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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