Rolls-Royce Holding PLC (LON:RR) had its price target increased by Berenberg Bank from GBX 770 ($10.03) to GBX 990 ($12.89) in a report issued on Wednesday morning. The brokerage currently has a hold rating on the stock.
A number of other research firms have also weighed in on RR. Deutsche Bank AG reissued a sell rating and issued a GBX 570 ($7.42) target price on shares of Rolls-Royce Holding PLC in a research note on Wednesday, August 2nd. Barclays PLC lowered their target price on Rolls-Royce Holding PLC from GBX 600 ($7.81) to GBX 480 ($6.25) and set an underweight rating for the company in a research note on Monday, August 7th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 780 ($10.16) target price on shares of Rolls-Royce Holding PLC in a research note on Thursday, June 22nd. Credit Suisse Group reissued an underperform rating and issued a GBX 665 ($8.66) target price on shares of Rolls-Royce Holding PLC in a research note on Tuesday, July 11th. Finally, Citigroup Inc. reissued a buy rating and issued a GBX 1,137 ($14.81) target price on shares of Rolls-Royce Holding PLC in a research note on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average 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 Wednesday. The firm’s market cap is GBX 16.69 billion. The stock has a 50 day moving average price of GBX 925.17 and a 200 day moving average price of GBX 829.72. 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 news, insider Lee Hsien Yang bought 102 shares of Rolls-Royce Holding PLC stock in a transaction on Monday, August 7th. The shares were purchased at an average price of GBX 966 ($12.58) per share, for a total transaction of £985.32 ($1,283.14). Also, insider Kevin Smith bought 295 shares of Rolls-Royce Holding PLC stock in a transaction on Wednesday, June 7th. The shares were purchased at an average price of GBX 897 ($11.68) per share, for a total transaction of £2,646.15 ($3,445.96). Insiders have acquired a total of 504 shares of company stock worth $461,480 in the last quarter.
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