Rolls-Royce Holding PLC (RR) Receives Neutral Rating from J P Morgan Chase & Co

Rolls-Royce Holding PLC (LON:RR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at J P Morgan Chase & Co in a research note issued to investors on Thursday. They currently have a GBX 780 ($9.94) price target on the stock. J P Morgan Chase & Co’s target price indicates a potential downside of 16.35% from the company’s previous close.

A number of other research analysts have also commented on RR. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 525 ($6.69) price objective on shares of Rolls-Royce Holding PLC in a research report on Thursday, June 15th. Liberum Capital reiterated a “hold” rating on shares of Rolls-Royce Holding PLC in a research report on Friday, June 16th. Credit Suisse Group increased their price objective on Rolls-Royce Holding PLC from GBX 595 ($7.58) to GBX 665 ($8.47) and gave the company an “underperform” rating in a research report on Thursday, April 6th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 920 ($11.72) price objective on shares of Rolls-Royce Holding PLC in a research report on Tuesday, April 25th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 770 ($9.81) price objective on shares of Rolls-Royce Holding PLC in a research report on Tuesday, May 23rd. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 699.27 ($8.91).

Analyst Recommendations for Rolls-Royce Holding PLC (LON:RR)

Shares of Rolls-Royce Holding PLC (LON RR) opened at 931.50 on Thursday. The stock has a 50 day moving average price of GBX 874.19 and a 200 day moving average price of GBX 764.63. The firm’s market cap is GBX 17.13 billion. Rolls-Royce Holding PLC has a one year low of GBX 606.00 and a one year high of GBX 934.50.

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In other Rolls-Royce Holding PLC news, insider Ruth Cairnie acquired 229 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were acquired at an average price of GBX 848 ($10.80) per share, with a total value of £1,941.92 ($2,474.10). Also, insider Kevin Smith acquired 295 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were acquired at an average cost of GBX 897 ($11.43) per share, for a total transaction of £2,646.15 ($3,371.32). Insiders bought a total of 1,170 shares of company stock worth $986,515 over the last 90 days.

Rolls-Royce Holding PLC Company Profile

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