Barclays PLC Trims Rolls-Royce Holding PLC (RR) Target Price to GBX 480
Rolls-Royce Holding PLC (LON:RR) had its price objective lowered by investment analysts at Barclays PLC from GBX 600 ($7.91) to GBX 480 ($6.33) in a report issued on Monday. The brokerage currently has an “underweight” rating on the stock. Barclays PLC’s target price indicates a potential downside of 50.10% from the stock’s previous close.
RR has been the topic of several other reports. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 912 ($12.03) price target on shares of Rolls-Royce Holding PLC in a report on Friday, May 5th. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 665 ($8.77) price target on shares of Rolls-Royce Holding PLC in a report on Wednesday, April 19th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 570 ($7.52) price target on shares of Rolls-Royce Holding PLC in a report on Wednesday, August 2nd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 740 ($9.76) price target on shares of Rolls-Royce Holding PLC in a report on Friday, April 21st. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a report on Friday, June 16th. Seven research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 761.50 ($10.04).
Rolls-Royce Holding PLC (RR) opened at 968.50 on Monday. Rolls-Royce Holding PLC has a one year low of GBX 635.00 and a one year high of GBX 969.00. The company has a 50-day moving average price of GBX 919.34 and a 200-day moving average price of GBX 818.17. The company’s market capitalization is GBX 17.76 billion.
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In related news, insider Kevin Smith purchased 295 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Wednesday, June 7th. The stock was purchased at an average price of GBX 897 ($11.83) per share, for a total transaction of £2,646.15 ($3,490.50). Also, insider Lee Hsien Yang purchased 107 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Friday, July 7th. The shares were bought at an average price of GBX 919 ($12.12) per share, with a total value of £983.33 ($1,297.10).
Rolls-Royce Holding PLC Company Profile
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