Rolls-Royce Holding PLC (RR) Stock Rating Reaffirmed by JPMorgan Chase & Co.
JPMorgan Chase & Co. reiterated their neutral rating on shares of Rolls-Royce Holding PLC (LON:RR) in a research note released on Wednesday. JPMorgan Chase & Co. currently has a GBX 835 ($10.90) price objective on the stock.
Several other analysts also recently commented on the stock. Panmure Gordon reaffirmed a sell rating and issued a GBX 500 ($6.53) price objective on shares of Rolls-Royce Holding PLC in a report on Wednesday, July 13th. Jefferies Group reaffirmed a buy rating and issued a GBX 800 ($10.44) price objective on shares of Rolls-Royce Holding PLC in a report on Monday, July 4th. Deutsche Bank AG reaffirmed a sell rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 16th. Credit Suisse Group AG upped their price objective on shares of Rolls-Royce Holding PLC from GBX 590 ($7.70) to GBX 610 ($7.96) and gave the company an underperform rating in a report on Friday, July 29th. Finally, Morgan Stanley raised shares of Rolls-Royce Holding PLC to an equal weight rating and upped 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 assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 604.42 ($7.89).
Rolls-Royce Holding PLC (LON:RR) opened at 739.50 on Wednesday. Rolls-Royce Holding PLC has a 52-week low of GBX 497.00 and a 52-week high of GBX 875.50. The company has a 50 day moving average price of GBX 767.58 and a 200-day moving average price of GBX 696.96. The firm’s market cap is GBX 13.55 billion.
In related news, insider Cairnie ,Ruth bought 256 shares of the stock in a transaction on Wednesday, September 7th. The stock was bought at an average price of GBX 757 ($9.88) per share, with a total value of £1,937.92 ($2,529.59). Also, insider Smith,David bought 6,116 shares of the stock in a transaction on Thursday, July 28th. The shares were bought at an average cost of GBX 818 ($10.68) per share, with a total value of £50,028.88 ($65,303.33).
About Rolls-Royce Holding PLC
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 Analyst Ratings Network's FREE daily email newsletter.