Rolls-Royce (RR) Given “Buy” Rating at Citigroup
Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,100 ($14.37) price objective on shares of Rolls-Royce in a report on Friday, April 5th. UBS Group reissued a “buy” rating and issued a GBX 1,160 ($15.16) price target (up from GBX 1,130 ($14.77)) on shares of Rolls-Royce in a report on Tuesday, April 2nd. Societe Generale cut their price target on shares of Rolls-Royce from GBX 1,250 ($16.33) to GBX 1,235 ($16.14) and set a “buy” rating for the company in a report on Monday, March 11th. Goldman Sachs Group upped their price target on shares of Rolls-Royce from GBX 1,242 ($16.23) to GBX 1,284 ($16.78) and gave the company a “conviction-buy” rating in a report on Wednesday, March 6th. Finally, Deutsche Bank reissued a “hold” rating on shares of Rolls-Royce in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Rolls-Royce currently has an average rating of “Buy” and an average price target of GBX 1,089.40 ($14.23).
RR stock opened at GBX 920 ($12.02) on Thursday. The stock has a market capitalization of $17.38 billion and a P/E ratio of -7.12. Rolls-Royce has a fifty-two week low of GBX 747 ($9.76) and a fifty-two week high of GBX 1,104.50 ($14.43).
Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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