Deutsche Bank AG Increases Rolls-Royce Holding PLC (LON:RR) Price Target to GBX 570

Rolls-Royce Holding PLC (LON:RR) had its price objective lifted by equities research analysts at Deutsche Bank AG from GBX 525 ($6.84) to GBX 570 ($7.42) in a research report issued on Friday, July 14th. The brokerage currently has a “sell” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential downside of 37.36% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 665 ($8.66) price target on shares of Rolls-Royce Holding PLC in a report on Tuesday, July 11th. J P Morgan Chase & Co raised their target price on Rolls-Royce Holding PLC from GBX 780 ($10.16) to GBX 950 ($12.37) and gave the company a “neutral” rating in a report on Wednesday, July 5th. Jefferies Group LLC raised their target price on Rolls-Royce Holding PLC from GBX 900 ($11.72) to GBX 1,100 ($14.32) and gave the company a “buy” rating in a report on Wednesday, July 5th. Liberum Capital reissued a “hold” rating on shares of Rolls-Royce Holding PLC in a report on Friday, June 16th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 770 ($10.03) target price on shares of Rolls-Royce Holding PLC in a report on Tuesday, May 23rd. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Rolls-Royce Holding PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 774.93 ($10.09).

Shares of Rolls-Royce Holding PLC (LON RR) opened at 910.00 on Friday. The firm’s 50-day moving average is GBX 925.17 and its 200 day moving average is GBX 829.71. The firm’s market capitalization is GBX 16.69 billion. Rolls-Royce Holding PLC has a 52 week low of GBX 635.00 and a 52 week high of GBX 994.50.

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In other Rolls-Royce Holding PLC news, insider Kevin Smith acquired 295 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were bought at an average cost of GBX 897 ($11.68) per share, for a total transaction of £2,646.15 ($3,445.96). Also, insider Lee Hsien Yang acquired 102 shares of the company’s stock in a transaction on Monday, August 7th. The shares were acquired at an average price of GBX 966 ($12.58) per share, for a total transaction of £985.32 ($1,283.14). Insiders have purchased a total of 504 shares of company stock worth $461,480 over the last three months.

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