Rolls-Royce Group plc Price Target Raised to $1,125.00 at Investec (RYCEY)
Analysts at Investec upped their price target on shares of Rolls-Royce Group plc (NASDAQ: RYCEY) from $1,080.00 to $1,125.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “add” rating on the stock.
A number of other analysts have also recently weighed in on RYCEY. Analysts at Jefferies Group raised their price target on shares of Rolls-Royce Group plc from $950.00 to $1,250.00 in a research note to investors on Friday, March 1st. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Rolls-Royce Group plc in a research note to investors on Monday, February 25th. They now have a $900.00 price target on the stock. Finally, analysts at Citigroup raised their price target on shares of Rolls-Royce Group plc from $1,070.00 to $1,200.00 in a research note to investors on Thursday, February 21st. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1,054.29.
Shares of Rolls-Royce Group plc (NASDAQ: RYCEY) traded up 2.20% during mid-day trading on Wednesday, hitting $85.80. Rolls-Royce Group plc has a 52 week low of $60.45 and a 52 week high of $84.63. The stock’s 50-day moving average is currently $78.16. The company has a market cap of $32.127 billion and a price-to-earnings ratio of 8.59.
Rolls-Royce Holdings plc, formerly Rolls-Royce Group plc is a provider of power systems and services for use on land, at sea and in the air.
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