Goldman Sachs Group Reaffirms “Buy” Rating for Rolls-Royce Holding PLC (LON:RR)

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Rolls-Royce Holding PLC (LON:RR)‘s stock had its “buy” rating reissued by research analysts at Goldman Sachs Group in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also weighed in on RR. Credit Suisse Group reaffirmed an “outperform” rating on shares of Rolls-Royce Holding PLC in a report on Thursday, August 8th. UBS Group reaffirmed a “buy” rating and set a GBX 1,160 ($15.16) target price on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rolls-Royce Holding PLC in a report on Thursday, May 30th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 600 ($7.84) target price on shares of Rolls-Royce Holding PLC in a report on Wednesday, August 7th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 1,105.78 ($14.45).

Rolls-Royce Holding PLC stock opened at GBX 752 ($9.83) on Tuesday. The business’s 50 day moving average price is GBX 839.69. The company has a market cap of $14.44 billion and a price-to-earnings ratio of -5.82. Rolls-Royce Holding PLC has a 1-year low of GBX 723.40 ($9.45) and a 1-year high of GBX 1,047 ($13.68).

In related news, insider Ruth Cairnie purchased 213 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average price of GBX 910 ($11.89) per share, with a total value of £1,938.30 ($2,532.73). Also, insider Beverly Goulet purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of GBX 783 ($10.23) per share, for a total transaction of £39,150 ($51,156.41). Insiders bought a total of 5,694 shares of company stock worth $4,497,022 in the last three months.

About Rolls-Royce Holding PLC

Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

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Analyst Recommendations for Rolls-Royce Holding PLC (LON:RR)

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