Jefferies Financial Group reissued their buy rating on shares of Rolls-Royce Holding PLC (LON:RR) in a research report report published on Monday, Digital Look reports. They currently have a GBX 1,100 ($14.37) price target on the stock.
Other research analysts have also recently issued research reports about the stock. UBS Group reaffirmed a buy rating and issued a GBX 950 ($12.41) price objective (down previously from GBX 1,000 ($13.07)) on shares of Rolls-Royce Holding PLC in a report on Monday, November 11th. Societe Generale cut shares of Rolls-Royce Holding PLC to a hold rating and cut their price objective for the company from GBX 930 ($12.15) to GBX 825 ($10.78) in a report on Monday, November 11th. Credit Suisse Group cut their price objective on shares of Rolls-Royce Holding PLC from GBX 1,200 ($15.68) to GBX 1,070 ($13.98) and set an outperform rating for the company in a report on Wednesday, November 13th. Morgan Stanley cut their price objective on shares of Rolls-Royce Holding PLC from GBX 950 ($12.41) to GBX 925 ($12.09) and set an overweight rating for the company in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Rolls-Royce Holding PLC from GBX 500 ($6.53) to GBX 475 ($6.21) and set an underweight rating for the company in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of GBX 933.50 ($12.20).
LON RR traded up GBX 0.60 ($0.01) on Monday, reaching GBX 729.20 ($9.53). 3,768,588 shares of the company’s stock traded hands, compared to its average volume of 4,570,000. The firm has a market cap of $14.08 billion and a price-to-earnings ratio of -5.82. The stock has a 50 day moving average price of GBX 736.59 and a 200-day moving average price of GBX 821.65. Rolls-Royce Holding PLC has a fifty-two week low of GBX 687.80 ($8.99) and a fifty-two week high of GBX 1,003.50 ($13.11).
In related news, insider Ruth Cairnie bought 248 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of GBX 783 ($10.23) per share, with a total value of £1,941.84 ($2,537.36). Also, insider Lee Hsien Yang bought 135 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were bought at an average cost of GBX 730 ($9.54) per share, with a total value of £985.50 ($1,287.73). Insiders acquired 2,512 shares of company stock valued at $1,931,290 in the last ninety days.
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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