Rolls-Royce’s (RR) “Buy” Rating Reiterated at Citigroup
Rolls-Royce (LON:RR)‘s stock had its “buy” rating reaffirmed by Citigroup in a research report issued on Thursday.
Several other analysts have also commented on RR. Credit Suisse Group reaffirmed an “underperform” rating on shares of Rolls-Royce in a report on Tuesday, October 24th. Barclays raised their target price on Rolls-Royce from GBX 600 ($8.14) to GBX 670 ($9.09) and gave the stock an “underweight” rating in a report on Wednesday, November 8th. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce in a report on Thursday, November 9th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a GBX 1,208 ($16.38) target price on shares of Rolls-Royce in a report on Friday, November 24th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 950 ($12.88) target price on shares of Rolls-Royce in a report on Tuesday, November 28th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 861.50 ($11.68).
Shares of Rolls-Royce (RR) opened at GBX 900 ($12.21) on Thursday. The company has a market capitalization of $16,570.00 and a PE ratio of -2,432.43. Rolls-Royce has a 1-year low of GBX 658.50 ($8.93) and a 1-year high of GBX 994.50 ($13.49).
Rolls-Royce Company Profile
Rolls-Royce Holdings plc is a United Kingdom-based engineering company. The Company is focused on power and propulsion systems. Its segments include Civil Aerospace, which is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services; Defence Aerospace, which is engaged in the development, manufacture, marketing and sales of military aero engines and aftermarket services, and caters to sectors, including combat aircraft, trainer aircraft and helicopters; Power Systems, which is engaged in the development, manufacture, marketing and sales of reciprocating engines and power systems; Marine, which is engaged in the development, manufacture, marketing and sales of marine-power propulsion systems and aftermarket services, operating in offshore, merchant and naval markets, and Nuclear, which is engaged in the development, manufacture, marketing and sales of nuclear systems for civil power generation and naval propulsion systems.
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