Rolls-Royce Holding PLC (LON:RR) Receives GBX 382.60 Average Target Price from Brokerages

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Rolls-Royce Holding PLC (LON:RR) has been given an average rating of “Hold” by the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 382.60 ($5.00).

RR has been the subject of several recent research reports. Goldman Sachs Group decreased their price objective on Rolls-Royce Holding PLC from GBX 528 ($6.90) to GBX 509 ($6.65) and set a “buy” rating for the company in a report on Wednesday, July 29th. Jefferies Financial Group decreased their price objective on Rolls-Royce Holding PLC from GBX 700 ($9.15) to GBX 500 ($6.53) and set a “buy” rating for the company in a report on Wednesday, July 29th. UBS Group restated a “neutral” rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, July 14th. Credit Suisse Group decreased their price objective on Rolls-Royce Holding PLC from GBX 245 ($3.20) to GBX 210 ($2.74) and set an “underperform” rating for the company in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Rolls-Royce Holding PLC from GBX 90 ($1.18) to GBX 80 ($1.05) and set an “underweight” rating for the company in a report on Friday, August 28th.

In other Rolls-Royce Holding PLC news, insider Lee Hsien Yang acquired 397 shares of the business’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of GBX 247 ($3.23) per share, with a total value of £980.59 ($1,281.31). In the last three months, insiders acquired 1,194 shares of company stock worth $294,612.

RR stock remained flat at $GBX 160.70 ($2.10) during mid-day trading on Wednesday. The company’s stock had a trading volume of 15,920,361 shares, compared to its average volume of 1,813,907. The company has a market capitalization of $3.10 billion and a P/E ratio of -0.53. The business’s 50 day moving average price is GBX 234.98 and its 200 day moving average price is GBX 312.64. Rolls-Royce Holding PLC has a 1-year low of GBX 1.83 ($0.02) and a 1-year high of GBX 803.20 ($10.50).

Rolls-Royce Holding PLC Company Profile

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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