Rolls-Royce Holdings plc (LON:RR – Get Rating) had its target price lowered by Deutsche Bank Aktiengesellschaft from GBX 95 ($1.16) to GBX 90 ($1.10) in a research note issued to investors on Friday, MarketBeat reports. The brokerage currently has a buy rating on the stock.
RR has been the topic of several other research reports. Morgan Stanley reissued an equal weight rating on shares of Rolls-Royce Holdings plc in a research note on Tuesday, April 26th. Citigroup reaffirmed a buy rating and issued a GBX 147 ($1.80) price target on shares of Rolls-Royce Holdings plc in a research report on Thursday, June 23rd. Berenberg Bank reaffirmed a hold rating and issued a GBX 100 ($1.23) price target on shares of Rolls-Royce Holdings plc in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on Rolls-Royce Holdings plc from GBX 70 ($0.86) to GBX 60 ($0.74) and set an underweight rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Rolls-Royce Holdings plc has an average rating of Hold and an average price target of GBX 105.80 ($1.30).
Rolls-Royce Holdings plc Trading Up 0.4 %
RR opened at GBX 83 ($1.02) on Friday. The stock’s 50-day moving average price is GBX 87.88 and its 200 day moving average price is GBX 94.92. Rolls-Royce Holdings plc has a 12-month low of GBX 77.87 ($0.95) and a 12-month high of GBX 161.91 ($1.98). The firm has a market cap of £6.95 billion and a price-to-earnings ratio of 8,300.00.
About Rolls-Royce Holdings plc
Rolls-Royce Holdings plc operates as an industrial technology company in the United Kingdom and internationally. The company operates in four segments: Civil Aerospace, Power Systems, Defence, and New Markets. The Civil Aerospace segment develops, manufactures, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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