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.

In other Rolls-Royce Holding PLC news, insider Ruth Cairnie purchased 225 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were bought at an average price of GBX 864 ($11.29) per share, with a total value of £1,944 ($2,540.18). Also, insider Beverly Goulet purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of GBX 783 ($10.23) per share, for a total transaction of £39,150 ($51,156.41). In the last ninety days, insiders have bought 5,694 shares of company stock worth $4,497,022.

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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Analyst Recommendations for Rolls-Royce Holding PLC (LON:RR)

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