Rolls-Royce (LON:RR) had its price target lowered by JPMorgan Chase & Co. from GBX 840 ($10.98) to GBX 700 ($9.15) in a report issued on Thursday. JPMorgan Chase & Co. currently has an underweight rating on the stock.
A number of other analysts have also weighed in on RR. Citigroup restated a buy rating and set a GBX 1,210 ($15.81) price objective on shares of Rolls-Royce in a research note on Thursday, September 13th. UBS Group restated a buy rating on shares of Rolls-Royce in a research note on Monday, October 29th. Goldman Sachs Group reduced their price objective on shares of Rolls-Royce from GBX 1,266 ($16.54) to GBX 1,259 ($16.45) and set a conviction-buy rating for the company in a research note on Monday, October 29th. Credit Suisse Group raised their price objective on shares of Rolls-Royce from GBX 930 ($12.15) to GBX 960 ($12.54) and gave the company a neutral rating in a research note on Thursday, November 1st. Finally, Deutsche Bank raised their price objective on shares of Rolls-Royce from GBX 900 ($11.76) to GBX 980 ($12.81) and gave the company a hold rating in a research note on Tuesday, December 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 965.18 ($12.61).
Shares of Rolls-Royce stock traded up GBX 11.20 ($0.15) during trading on Thursday, hitting GBX 871 ($11.38). The company’s stock had a trading volume of 3,573,714 shares, compared to its average volume of 4,570,000. Rolls-Royce has a 52 week low of GBX 733.50 ($9.58) and a 52 week high of GBX 994.50 ($12.99).
Rolls-Royce Holdings plc, an engineering company, develops, manufactures, markets, and sells power and propulsion systems in the United Kingdom and internationally. The company's Civil Aerospace segment provides aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as aftermarket services.
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