Credit Suisse Group Reiterates Underperform Rating for Rolls-Royce Holding PLC (LON:RR)
Credit Suisse Group restated their underperform rating on shares of Rolls-Royce Holding PLC (LON:RR) in a report published on Tuesday morning. They currently have a GBX 665 ($8.61) price objective on the stock.
Other research analysts have also issued reports about the stock. Goldman Sachs Group, Inc. (The) raised their target price on shares of Rolls-Royce Holding PLC from GBX 1,030 ($13.34) to GBX 1,037 ($13.43) and gave the company a conviction-buy rating in a report on Friday, May 5th. Berenberg Bank reissued a hold rating and issued a GBX 770 ($9.97) target price on shares of Rolls-Royce Holding PLC in a report on Tuesday, May 23rd. Deutsche Bank AG reissued a sell rating and issued a GBX 525 ($6.80) target price on shares of Rolls-Royce Holding PLC in a report on Thursday, June 15th. Barclays PLC reissued an underweight rating and issued a GBX 480 ($6.22) target price on shares of Rolls-Royce Holding PLC in a report on Monday, March 20th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 780 ($10.10) target price on shares of Rolls-Royce Holding PLC in a report on Thursday, June 22nd. Seven equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 733.69 ($9.50).
Rolls-Royce Holding PLC (LON:RR) opened at 914.50 on Tuesday. The firm has a 50-day moving average of GBX 887.69 and a 200-day moving average of GBX 775.63. The stock’s market cap is GBX 16.82 billion. Rolls-Royce Holding PLC has a 1-year low of GBX 635.00 and a 1-year high of GBX 944.00.
In other Rolls-Royce Holding PLC news, insider Kevin Smith bought 311 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was acquired at an average cost of GBX 848 ($10.98) per share, for a total transaction of £2,637.28 ($3,416.17). Also, insider Ruth Cairnie bought 229 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were acquired at an average price of GBX 848 ($10.98) per share, with a total value of £1,941.92 ($2,515.44). Insiders have acquired 942 shares of company stock valued at $820,868 over the last ninety days.
About Rolls-Royce Holding PLC
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