Berenberg Bank Boosts Rolls-Royce Holding PLC (LON:RR) Price Target to GBX 990

Rolls-Royce Holding PLC (LON:RR) had its target price raised by Berenberg Bank from GBX 770 ($10.03) to GBX 990 ($12.89) in a research report report published on Wednesday. Berenberg Bank currently has a hold rating on the stock.

Several other research firms have also commented on RR. Barclays PLC reissued an underweight rating on shares of Rolls-Royce Holding PLC in a research report on Tuesday, July 18th. Citigroup Inc. reissued a buy rating and set a GBX 1,137 ($14.81) price target on shares of Rolls-Royce Holding PLC in a research report on Tuesday, August 1st. Credit Suisse Group reissued an underperform rating and set a GBX 665 ($8.66) price target on shares of Rolls-Royce Holding PLC in a research report on Tuesday, July 11th. Liberum Capital reissued a hold rating on shares of Rolls-Royce Holding PLC in a research report on Friday, June 16th. Finally, J P Morgan Chase & Co reissued a neutral rating and set a GBX 740 ($9.64) price target on shares of Rolls-Royce Holding PLC in a research report on Friday, April 21st. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Rolls-Royce Holding PLC currently has a consensus rating of Hold and an average price target of GBX 774.93 ($10.09).

Shares of Rolls-Royce Holding PLC (LON:RR) opened at 910.00 on Wednesday. The company has a 50-day moving average of GBX 925.17 and a 200 day moving average of GBX 829.71. Rolls-Royce Holding PLC has a one year low of GBX 635.00 and a one year high of GBX 994.50. The firm’s market cap is GBX 16.69 billion.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/08/12/berenberg-bank-boosts-rolls-royce-holding-plc-lonrr-price-target-to-gbx-990.html.

In other news, insider Lee Hsien Yang purchased 107 shares of the stock in a transaction dated Friday, July 7th. The stock was acquired at an average cost of GBX 919 ($11.97) per share, for a total transaction of £983.33 ($1,280.54). Also, insider Kevin Smith purchased 295 shares of the stock in a transaction dated Wednesday, June 7th. The stock was purchased at an average price of GBX 897 ($11.68) per share, with a total value of £2,646.15 ($3,445.96). Insiders bought a total of 504 shares of company stock valued at $461,480 over the last quarter.

Rolls-Royce Holding PLC Company Profile

Analyst Recommendations for Rolls-Royce Holding PLC (LON:RR)

Receive News & Ratings for Rolls-Royce Holding PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holding PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply