Goldman Sachs Group Trims Rolls-Royce Holding PLC (LON:RR) Target Price to GBX 1,239
Rolls-Royce Holding PLC (LON:RR) had its target price decreased by Goldman Sachs Group from GBX 1,367 ($17.86) to GBX 1,239 ($16.19) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has a conviction-buy rating on the stock.
A number of other equities analysts have also recently issued reports on RR. Deutsche Bank restated a hold rating on shares of Rolls-Royce Holding PLC in a report on Monday, May 13th. Citigroup restated a buy rating on shares of Rolls-Royce Holding PLC in a report on Wednesday. UBS Group restated a buy rating and set a GBX 1,160 ($15.16) target price on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 6th. JPMorgan Chase & Co. restated an underweight rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 13th. Finally, Berenberg Bank restated a hold rating on shares of Rolls-Royce Holding PLC in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 1,091.56 ($14.26).
Shares of RR opened at GBX 754 ($9.85) on Thursday. Rolls-Royce Holding PLC has a 1 year low of GBX 723.40 ($9.45) and a 1 year high of GBX 1,047 ($13.68). The stock has a market cap of $14.48 billion and a P/E ratio of -5.84. The stock’s 50-day moving average price is GBX 835.96 and its two-hundred day moving average price is GBX 891.04.
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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