Rolls-Royce Holding PLC (RR) Earns Underperform Rating from Credit Suisse Group AG
Credit Suisse Group AG reissued their underperform rating on shares of Rolls-Royce Holding PLC (LON:RR) in a research report sent to investors on Sunday morning, StockTargetPrices.com reports. They currently have a GBX 595 ($7.77) target price on the stock.
Several other equities research analysts also recently weighed in on the company. Panmure Gordon reissued a sell rating and set a GBX 500 ($6.53) price objective on shares of Rolls-Royce Holding PLC in a report on Wednesday, July 13th. JPMorgan Chase & Co. raised their price objective on Rolls-Royce Holding PLC from GBX 730 ($9.53) to GBX 835 ($10.90) and gave the company a neutral rating in a report on Thursday, August 11th. Jefferies Group reissued a buy rating and set a GBX 800 ($10.44) price objective on shares of Rolls-Royce Holding PLC in a report on Monday, July 4th. Deutsche Bank AG reissued a sell rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 16th. Finally, Morgan Stanley raised Rolls-Royce Holding PLC to an equal weight rating and raised their price objective for the company from GBX 655 ($8.55) to GBX 780 ($10.18) in a report on Wednesday, August 10th. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. Rolls-Royce Holding PLC currently has an average rating of Hold and a consensus price target of GBX 604.42 ($7.89).
Rolls-Royce Holding PLC (LON:RR) opened at 775.50 on Friday. Rolls-Royce Holding PLC has a 1-year low of GBX 497.00 and a 1-year high of GBX 875.50. The firm has a 50-day moving average price of GBX 751.54 and a 200-day moving average price of GBX 700.40. The firm’s market capitalization is GBX 14.21 billion.
In related news, insider Cairnie ,Ruth purchased 256 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was acquired at an average price of GBX 757 ($9.88) per share, for a total transaction of £1,937.92 ($2,529.59). Also, insider Frank Chapman purchased 509 shares of the business’s stock in a transaction on Friday, October 7th. The shares were bought at an average price of GBX 778 ($10.16) per share, with a total value of £3,960.02 ($5,169.06).
Rolls-Royce Holding PLC Company Profile
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.
Receive News & Ratings for Rolls-Royce Holding PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holding PLC and related companies with MarketBeat.com's FREE daily email newsletter.