Rolls-Royce Holding PLC (LON:RR) had its price objective cut by Goldman Sachs Group from GBX 528 ($6.50) to GBX 509 ($6.26) in a research report released on Wednesday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.
A number of other research firms have also issued reports on RR. JPMorgan Chase & Co. reduced their target price on shares of Rolls-Royce Holding PLC from GBX 155 ($1.91) to GBX 125 ($1.54) and set an underweight rating for the company in a research note on Monday, May 18th. Jefferies Financial Group reduced their price target on shares of Rolls-Royce Holding PLC from GBX 700 ($8.61) to GBX 500 ($6.15) and set a buy rating for the company in a research note on Wednesday. Panmure Gordon raised shares of Rolls-Royce Holding PLC to a buy rating and upped their price target for the stock from GBX 387 ($4.76) to GBX 400 ($4.92) in a research note on Thursday, July 16th. Credit Suisse Group cut their target price on shares of Rolls-Royce Holding PLC from GBX 245 ($3.02) to GBX 210 ($2.58) and set an underperform rating for the company in a research note on Friday, July 10th. Finally, Morgan Stanley reissued an equal weight rating and set a GBX 357 ($4.39) target price (down from GBX 460 ($5.66)) on shares of Rolls-Royce Holding PLC in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 392.90 ($4.84).
Shares of LON:RR opened at GBX 231.60 ($2.85) on Wednesday. Rolls-Royce Holding PLC has a fifty-two week low of GBX 2.80 ($0.03) and a fifty-two week high of GBX 899.60 ($11.07). The firm has a 50-day simple moving average of GBX 287.75 and a 200 day simple moving average of GBX 414.78. The company has a market cap of $4.47 billion and a PE ratio of -3.35.
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.
Further Reading: What Are Treasury Bonds?
Receive News & Ratings for Rolls-Royce Holding PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holding PLC and related companies with MarketBeat.com's FREE daily email newsletter.