Jefferies Group LLC Raises Rolls-Royce Holding PLC (RR) Price Target to GBX 1,100

Rolls-Royce Holding PLC (LON:RR) had its price objective hoisted by Jefferies Group LLC from GBX 900 ($11.66) to GBX 1,100 ($14.25) in a research report sent to investors on Wednesday. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently commented on RR. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 780 ($10.10) price target on shares of Rolls-Royce Holding PLC in a research note on Thursday, June 22nd. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 525 ($6.80) price target on shares of Rolls-Royce Holding PLC in a research note on Thursday, June 15th. Liberum Capital reaffirmed a hold rating on shares of Rolls-Royce Holding PLC in a research note on Friday, June 16th. Credit Suisse Group boosted their price target on Rolls-Royce Holding PLC from GBX 595 ($7.71) to GBX 665 ($8.61) and gave the company an underperform rating in a research note on Thursday, April 6th. Finally, Citigroup Inc. reaffirmed a buy rating and issued a GBX 920 ($11.92) price target on shares of Rolls-Royce Holding PLC in a research note on Tuesday, April 25th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 723.93 ($9.38).

Shares of Rolls-Royce Holding PLC (LON RR) opened at 934.50 on Wednesday. Rolls-Royce Holding PLC has a 12-month low of GBX 635.00 and a 12-month high of GBX 944.00. The company’s market cap is GBX 17.18 billion. The stock has a 50 day moving average of GBX 887.69 and a 200 day moving average of GBX 775.63.

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In other news, insider Lee Hsien Yang purchased 107 shares of Rolls-Royce Holding PLC stock in a transaction dated Friday, July 7th. The shares were bought at an average cost of GBX 919 ($11.90) per share, for a total transaction of £983.33 ($1,273.74). Also, insider Kevin Smith purchased 295 shares of Rolls-Royce Holding PLC stock in a transaction dated Wednesday, June 7th. The shares were purchased at an average price of GBX 897 ($11.62) per share, for a total transaction of £2,646.15 ($3,427.66). In the last quarter, insiders acquired 942 shares of company stock worth $820,868.

About Rolls-Royce Holding PLC

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

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