Rolls-Royce Holding PLC (LON:RR) had its price target cut by Goldman Sachs Group from GBX 528 ($6.50) to GBX 509 ($6.26) in a research note issued to investors on Wednesday, Stock Target Advisor reports. They currently have a buy rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Societe Generale cut shares of Rolls-Royce Holding PLC to a sell rating and cut their price objective for the stock from GBX 700 ($8.61) to GBX 246 ($3.03) in a research report on Friday, April 24th. Credit Suisse Group cut their price objective on shares of Rolls-Royce Holding PLC from GBX 245 ($3.02) to GBX 210 ($2.58) and set an underperform rating for the company in a research report on Friday, July 10th. Jefferies Financial Group cut their price objective on shares of Rolls-Royce Holding PLC from GBX 700 ($8.61) to GBX 500 ($6.15) and set a buy rating for the company in a research report on Wednesday. Morgan Stanley reissued an equal weight rating and set a GBX 357 ($4.39) target price (down previously from GBX 460 ($5.66)) on shares of Rolls-Royce Holding PLC in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lowered their target price on Rolls-Royce Holding PLC from GBX 155 ($1.91) to GBX 125 ($1.54) and set an underweight rating for the company in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 392.90 ($4.84).
RR opened at GBX 231.60 ($2.85) on Wednesday. Rolls-Royce Holding PLC has a twelve month low of GBX 2.80 ($0.03) and a twelve month high of GBX 899.60 ($11.07). The company has a 50-day simple moving average of GBX 287.75 and a 200 day simple moving average of GBX 414.78. The stock has a market capitalization of $4.47 billion and a price-to-earnings ratio of -3.35.
In other news, insider Lee Hsien Yang acquired 268 shares of the stock in a transaction dated Monday, June 8th. The stock was bought at an average price of GBX 366 ($4.50) per share, with a total value of £980.88 ($1,207.09). Insiders bought 965 shares of company stock valued at $294,276 in the last ninety days.
Rolls-Royce Holding PLC Company Profile
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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