Rolls-Royce Holding PLC (LON:RR) Price Target Lowered to GBX 500 at Jefferies Financial Group
Rolls-Royce Holding PLC (LON:RR) had its price target lowered by Jefferies Financial Group from GBX 700 ($8.61) to GBX 500 ($6.15) in a research report sent to investors on Wednesday, Stock Target Advisor reports. Jefferies Financial Group currently has a buy rating on the stock.
A number of other equities research analysts have also commented on RR. UBS Group reissued a neutral rating on shares of Rolls-Royce Holding PLC in a research report on Tuesday, July 14th. JPMorgan Chase & Co. decreased their target price on Rolls-Royce Holding PLC from GBX 155 ($1.91) to GBX 125 ($1.54) and set an underweight rating for the company in a research report on Monday, May 18th. Credit Suisse Group decreased their target price on Rolls-Royce Holding PLC from GBX 245 ($3.02) to GBX 210 ($2.58) and set an underperform rating for the company in a research report on Friday, July 10th. Citigroup reaffirmed a buy rating and set a GBX 564 ($6.94) target price on shares of Rolls-Royce Holding PLC in a research report on Friday, July 17th. Finally, Goldman Sachs Group decreased 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 report on Wednesday, June 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 392.90 ($4.84).
Shares of RR opened at GBX 231.60 ($2.85) on Wednesday. The stock has a market cap of $4.47 billion and a P/E ratio of -3.35. The business’s fifty day moving average is GBX 287.75 and its 200 day moving average is GBX 414.78. Rolls-Royce Holding PLC has a 12-month low of GBX 2.80 ($0.03) and a 12-month high of GBX 899.60 ($11.07).
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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