Published On: Sun, Sep 18th, 2016

Rolls-Royce Holding PLC (RR) Price Target Cut to GBX 595

Rolls-Royce Holding PLC (LON:RR) had its price target cut by investment analysts at Credit Suisse Group AG from GBX 610 ($8.12) to GBX 595 ($7.92) in a report issued on Monday. The firm presently has an “underperform” rating on the stock. Credit Suisse Group AG’s price target would suggest a potential downside of 18.21% from the company’s previous close.
Several other brokerages have also recently issued reports on RR. Barclays PLC boosted their price objective on shares of Rolls-Royce Holding PLC from GBX 400 ($5.33) to GBX 480 ($6.39) and gave the company an “underweight” rating in a research note on Friday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Rolls-Royce Holding PLC from GBX 730 ($9.72) to GBX 835 ($11.12) and gave the company a “neutral” rating in a research note on Thursday, August 11th. Deutsche Bank AG reissued a “sell” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, August 16th. Goldman Sachs Group Inc. boosted their price objective on shares of Rolls-Royce Holding PLC from GBX 718 ($9.56) to GBX 743 ($9.90) and gave the company a “neutral” rating in a research note on Monday, September 5th. Finally, Liberum Capital reissued a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, September 6th. Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 604.42 ($8.05).
Rolls-Royce Holding PLC (LON:RR) traded down 0.27% during mid-day trading on Monday, reaching GBX 727.50. The company’s stock had a trading volume of 18,580,442 shares. The stock’s market capitalization is GBX 13.33 billion. The stock’s 50 day moving average price is GBX 770.69 and its 200 day moving average price is GBX 696.32. Rolls-Royce Holding PLC has a 1-year low of GBX 497.00 and a 1-year high of GBX 875.50.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/17/rolls-royce-holding-plc-rr-price-target-cut-to-gbx-595.html

In other Rolls-Royce Holding PLC news, insider Cairnie ,Ruth acquired 256 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were purchased at an average price of GBX 757 ($10.08) per share, for a total transaction of £1,937.92 ($2,581.14). Also, insider Smith,David acquired 6,116 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were acquired at an average price of GBX 818 ($10.90) per share, for a total transaction of £50,028.88 ($66,634.10).
Rolls-Royce Holding PLC Company Profile
Rolls-Royce Holdings plc is a provider of an integrated power and propulsion solutions. The Company operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses. Its civil aerospace business is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services.

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.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>