Rolls-Royce (LON:RR) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from GBX 840 ($10.98) to GBX 700 ($9.15) in a report issued on Thursday. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 19.63% from the company’s previous close.
Several other equities research analysts have also issued reports on RR. Deutsche Bank upped their price target on Rolls-Royce from GBX 900 ($11.76) to GBX 980 ($12.81) and gave the company a “hold” rating in a research report on Tuesday, December 4th. Goldman Sachs Group dropped their price target on Rolls-Royce from GBX 1,266 ($16.54) to GBX 1,259 ($16.45) and set a “conviction-buy” rating on the stock in a research report on Monday, October 29th. Credit Suisse Group upped their price target on Rolls-Royce from GBX 930 ($12.15) to GBX 960 ($12.54) and gave the company a “neutral” rating in a research report on Thursday, November 1st. Citigroup reissued a “buy” rating on shares of Rolls-Royce in a research report on Thursday, November 1st. Finally, UBS Group reissued a “buy” rating on shares of Rolls-Royce in a research report on Monday, October 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 965.18 ($12.61).
RR stock opened at GBX 871 ($11.38) on Thursday. Rolls-Royce has a 12-month low of GBX 733.50 ($9.58) and a 12-month high of GBX 994.50 ($12.99).
Rolls-Royce Holdings plc, an engineering company, develops, manufactures, markets, and sells power and propulsion systems in the United Kingdom and internationally. The company's Civil Aerospace segment provides aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as aftermarket services.
Featured Article: What does EPS mean?
Receive News & Ratings for Rolls-Royce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce and related companies with MarketBeat.com's FREE daily email newsletter.