Rolls-Royce Holding PLC’s (RR) “Neutral” Rating Reiterated at Goldman Sachs Group Inc.

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Rolls-Royce Holding PLC (LON:RR)‘s stock had its “neutral” rating reiterated by equities researchers at Goldman Sachs Group Inc. in a report released on Sunday. They currently have a GBX 743 ($9.90) price target on the stock. Goldman Sachs Group Inc.’s price objective points to a potential upside of 2.41% from the company’s current price.
A number of other brokerages have also weighed in on RR. Barclays PLC boosted their price target on Rolls-Royce Holding PLC from GBX 400 ($5.33) to GBX 480 ($6.39) and gave the stock an “underweight” rating in a research note on Friday, July 29th. Credit Suisse Group AG boosted their price target 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. JPMorgan Chase & Co. boosted their price target on Rolls-Royce Holding PLC from GBX 730 ($9.72) to GBX 835 ($11.12) and gave the stock a “neutral” rating in a research note on Thursday, August 11th. Deutsche Bank AG restated a “sell” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, August 16th. Finally, Liberum Capital restated a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, September 6th. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 605.21 ($8.06).
Shares of Rolls-Royce Holding PLC (LON:RR) opened at 725.50 on Friday. The company’s market cap is GBX 13.29 billion. The stock’s 50 day moving average is GBX 770.89 and its 200 day moving average is GBX 693.64. Rolls-Royce Holding PLC has a 52-week low of GBX 497.00 and a 52-week high of GBX 875.50.

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In other news, insider Smith,David acquired 6,116 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Thursday, July 28th. The stock was purchased at an average cost of GBX 818 ($10.90) per share, with a total value of £50,028.88 ($66,634.10). Also, insider Cairnie ,Ruth acquired 256 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased at an average cost of GBX 757 ($10.08) per share, with a total value of £1,937.92 ($2,581.14).
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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