Published On: Tue, Sep 6th, 2016

Rolls-Royce Holding PLC (RR) Rating Reiterated by Barclays PLC

Rolls-Royce Holding PLC (LON:RR)‘s stock had its “underweight” rating reaffirmed by analysts at Barclays PLC in a research note issued on Tuesday. They currently have a GBX 480 ($6.39) target price on the stock. Barclays PLC‘s price target points to a potential downside of 38.70% from the stock’s current price.
Rolls-Royce Holding PLC (LON:RR) opened at 783.00 on Tuesday. The stock’s market cap is GBX 14.34 billion. Rolls-Royce Holding PLC has a 52 week low of GBX 497.00 and a 52 week high of GBX 875.50. The firm’s 50-day moving average price is GBX 770.17 and its 200-day moving average price is GBX 691.32.
In other news, insider Smith,David purchased 6,116 shares of Rolls-Royce Holding PLC stock in a transaction dated Thursday, July 28th. The shares were purchased at an average price of GBX 818 ($10.90) per share, with a total value of £50,028.88 ($66,634.10). Also, insider Cairnie ,Ruth purchased 254 shares of Rolls-Royce Holding PLC stock in a transaction dated Monday, August 8th. The shares were purchased at an average cost of GBX 764 ($10.18) per share, for a total transaction of £1,940.56 ($2,584.66).

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Other equities analysts have also issued research reports about the company. Credit Suisse Group AG raised their target price on Rolls-Royce Holding PLC from GBX 590 ($7.86) to GBX 610 ($8.12) and gave the stock an “underperform” rating in a research note on Friday, July 29th. Berenberg Bank restated a “hold” rating and issued a GBX 555 ($7.39) target price on shares of Rolls-Royce Holding PLC in a research note on Tuesday, July 19th. Deutsche Bank AG raised their target price on Rolls-Royce Holding PLC from GBX 471 ($6.27) to GBX 474 ($6.31) and gave the stock a “sell” rating in a research note on Monday, August 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 730 ($9.72) price target on shares of Rolls-Royce Holding PLC in a research report on Tuesday, July 5th. Finally, Panmure Gordon reaffirmed a “sell” rating and set a GBX 500 ($6.66) price target on shares of Rolls-Royce Holding PLC in a research report on Wednesday, July 13th. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 605.21 ($8.06).
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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