Rolls-Royce Holding PLC (LON:RR) PT Lowered to GBX 480 at Barclays PLC

Rolls-Royce Holding PLC (LON:RR) had its price target trimmed by Barclays PLC from GBX 600 ($7.81) to GBX 480 ($6.25) in a research note released on Monday. The brokerage currently has an underweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Citigroup Inc. reaffirmed a buy rating and set a GBX 920 ($11.98) price target on shares of Rolls-Royce Holding PLC in a research report on Tuesday, April 25th. Jefferies Group LLC upped their price target on shares of Rolls-Royce Holding PLC from GBX 900 ($11.72) to GBX 1,100 ($14.32) and gave the stock a buy rating in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) upped their price target on shares of Rolls-Royce Holding PLC from GBX 1,030 ($13.41) to GBX 1,037 ($13.50) and gave the stock a conviction-buy rating in a research report on Friday, May 5th. Berenberg Bank reaffirmed a hold rating and set a GBX 770 ($10.03) price target on shares of Rolls-Royce Holding PLC in a research report on Tuesday, May 23rd. Finally, Liberum Capital reaffirmed a hold rating on shares of Rolls-Royce Holding PLC in a research report on Friday, June 16th. Seven analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 775.25 ($10.10).

Shares of Rolls-Royce Holding PLC (LON RR) opened at 938.00 on Monday. The firm has a 50-day moving average of GBX 926.10 and a 200 day moving average of GBX 827.53. Rolls-Royce Holding PLC has a 12-month low of GBX 635.00 and a 12-month high of GBX 944.00. The stock’s market capitalization is GBX 17.20 billion.

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In other Rolls-Royce Holding PLC news, insider Kevin Smith acquired 295 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was bought at an average cost of GBX 897 ($11.68) per share, for a total transaction of £2,646.15 ($3,445.96). Also, insider Lee Hsien Yang acquired 107 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were acquired at an average price of GBX 919 ($11.97) per share, with a total value of £983.33 ($1,280.54). Over the last quarter, insiders have acquired 504 shares of company stock valued at $461,480.

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