Citigroup Reiterates Buy Rating for Rolls-Royce Holding PLC (LON:RR)
Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Rolls-Royce Holding PLC from GBX 475 ($6.25) to GBX 485 ($6.38) and gave the stock an underweight rating in a research report on Wednesday, February 5th. Credit Suisse Group reiterated an outperform rating and set a GBX 1,170 ($15.39) target price on shares of Rolls-Royce Holding PLC in a research report on Tuesday, January 28th. Jefferies Financial Group reiterated a buy rating and set a GBX 1,100 ($14.47) target price on shares of Rolls-Royce Holding PLC in a research report on Friday, January 10th. Goldman Sachs Group lifted their target price on Rolls-Royce Holding PLC from GBX 1,143 ($15.04) to GBX 1,181 ($15.54) and gave the stock a conviction-buy rating in a research report on Friday, January 17th. Finally, Morgan Stanley cut Rolls-Royce Holding PLC to an equal weight rating and cut their target price for the stock from GBX 925 ($12.17) to GBX 800 ($10.52) in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 919.67 ($12.10).
RR opened at GBX 667.40 ($8.78) on Tuesday. The business’s 50-day simple moving average is GBX 677.53 and its 200-day simple moving average is GBX 735.48. Rolls-Royce Holding PLC has a one year low of GBX 619.74 ($8.15) and a one year high of GBX 1,003.50 ($13.20). The stock has a market capitalization of $12.89 billion and a P/E ratio of -5.33.
About Rolls-Royce Holding PLC
Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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