Rolls-Royce Holding PLC (LON:RR) Price Target Lowered to GBX 210 at Credit Suisse Group
Rolls-Royce Holding PLC (LON:RR) had its price target decreased by Credit Suisse Group from GBX 245 ($3.02) to GBX 210 ($2.58) in a research report released on Friday morning, Stock Target Advisor reports. Credit Suisse Group currently has an underperform rating on the stock.
A number of other analysts also recently commented on the company. Goldman Sachs Group reduced their price objective on Rolls-Royce Holding PLC from GBX 573 ($7.05) to GBX 528 ($6.50) and set a buy rating for the company in a research report on Wednesday, June 10th. UBS Group downgraded Rolls-Royce Holding PLC to a neutral rating and reduced their price objective for the stock from GBX 664 ($8.17) to GBX 328 ($4.04) in a research report on Thursday, April 2nd. Societe Generale downgraded Rolls-Royce Holding PLC to a sell rating and reduced their price objective for the stock from GBX 700 ($8.61) to GBX 246 ($3.03) in a research report on Friday, April 24th. Citigroup reiterated a buy rating on shares of Rolls-Royce Holding PLC in a research report on Thursday, June 18th. Finally, Morgan Stanley restated an equal weight rating and set a GBX 357 ($4.39) target price (down previously from GBX 460 ($5.66)) on shares of Rolls-Royce Holding PLC in a research report on Tuesday, July 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 496.20 ($6.11).
Shares of RR stock opened at GBX 267.80 ($3.30) on Friday. The stock has a 50 day moving average of GBX 307.40 and a two-hundred day moving average of GBX 452.50. Rolls-Royce Holding PLC has a 12 month low of GBX 235.50 ($2.90) and a 12 month high of GBX 899.60 ($11.07). The company has a market capitalization of $5.15 billion and a P/E ratio of -3.86.
About Rolls-Royce Holding PLC
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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