Published On: Sun, Sep 11th, 2016

Goldman Sachs Group Inc. Reaffirms Neutral Rating for Rolls-Royce Holding PLC (RR)

Rolls-Royce Holding PLC (LON:RR)‘s stock had its “neutral” rating reissued by research analysts at Goldman Sachs Group Inc. in a research report issued on Sunday, StockTargetPrices.com reports. They presently have a GBX 743 ($9.90) price objective on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 2.41% from the company’s current price.
A number of other research analysts have also recently commented on RR. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 430 ($5.73) price target on shares of Rolls-Royce Holding PLC in a research note on Wednesday, May 18th. Barclays PLC reiterated an “underweight” rating and issued a GBX 400 ($5.33) price target on shares of Rolls-Royce Holding PLC in a research note on Monday, May 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Rolls-Royce Holding PLC in a research note on Friday, June 3rd. Morgan Stanley reiterated an “underweight” rating and issued a GBX 655 ($8.72) price target on shares of Rolls-Royce Holding PLC in a research note on Monday, June 13th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 649 ($8.64) price target on shares of Rolls-Royce Holding PLC in a research note on Monday, June 27th. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 605.21 ($8.06).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 725.50 on Friday. The firm has a 50-day moving average price of GBX 770.89 and a 200-day moving average price of GBX 693.64. Rolls-Royce Holding PLC has a 12-month low of GBX 497.00 and a 12-month high of GBX 875.50. The firm’s market cap is GBX 13.29 billion.

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In other Rolls-Royce Holding PLC news, insider Cairnie ,Ruth purchased 254 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of GBX 764 ($10.18) per share, with a total value of £1,940.56 ($2,584.66). Also, insider Smith,David purchased 6,116 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was acquired at an average cost 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.

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