Rolls-Royce Holding PLC (LON:RR)‘s stock had its “underweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 600 ($7.84) target price on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 20.00% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. UBS Group reissued a “buy” rating and issued a GBX 1,160 ($15.16) price objective on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 6th. Credit Suisse Group upgraded Rolls-Royce Holding PLC to an “outperform” rating and lifted their price target for the company from GBX 1,065 ($13.92) to GBX 1,200 ($15.68) in a research report on Wednesday, April 24th. Deutsche Bank restated a “hold” rating on shares of Rolls-Royce Holding PLC in a research report on Monday, May 13th. Berenberg Bank reissued a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Wednesday, June 26th. Finally, Citigroup reaffirmed a “buy” rating on shares of Rolls-Royce Holding PLC in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 1,105.78 ($14.45).
LON RR traded down GBX 29.40 ($0.38) on Wednesday, reaching GBX 750 ($9.80). The company had a trading volume of 2,849,369 shares, compared to its average volume of 4,570,000. The stock has a market capitalization of $14.38 billion and a PE ratio of -5.80. The business has a fifty day moving average price of GBX 851.52. Rolls-Royce Holding PLC has a 52-week low of GBX 747 ($9.76) and a 52-week high of GBX 1,098.50 ($14.35).
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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