Trade Report: The Rolls-Royce Holding PLC (RR) Stock Rating Reaffirmed by Credit Suisse Group AG

The Rolls-Royce Holding PLC (RR) Stock Rating Reaffirmed by Credit Suisse Group AG

Rolls-Royce Holding PLC (LON:RR)‘s stock had its “underperform” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research note issued to investors on Sunday, StockTargetPrices.com reports. They presently have a GBX 595 ($7.77) price target on the stock. Credit Suisse Group AG’s target price would suggest a potential downside of 23.28% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Liberum Capital restated a “hold” rating on shares of Rolls-Royce Holding PLC in a report on Thursday, September 22nd. Panmure Gordon restated a “sell” rating and set a GBX 500 ($6.53) price objective on shares of Rolls-Royce Holding PLC in a report on Tuesday, September 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 835 ($10.90) price objective on shares of Rolls-Royce Holding PLC in a report on Wednesday, September 14th. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 743 ($9.70) price objective on shares of Rolls-Royce Holding PLC in a report on Sunday, September 11th. Finally, Barclays PLC restated an “underweight” rating and set a GBX 480 ($6.27) price objective on shares of Rolls-Royce Holding PLC in a report on Tuesday, September 6th. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Rolls-Royce Holding PLC has an average rating of “Hold” and a consensus price target of GBX 604.42 ($7.89).

Rolls-Royce Holding PLC (LON:RR) opened at 775.50 on Friday. Rolls-Royce Holding PLC has a one year low of GBX 497.00 and a one year high of GBX 875.50. The company’s market capitalization is GBX 14.21 billion. The stock’s 50 day moving average price is GBX 751.54 and its 200 day moving average price is GBX 700.40.

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In other Rolls-Royce Holding PLC news, insider Cairnie ,Ruth bought 256 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Wednesday, September 7th. The shares were bought at an average cost of GBX 757 ($9.88) per share, with a total value of £1,937.92 ($2,529.59). Also, insider Smith,David bought 6,116 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Thursday, July 28th. The shares were acquired at an average cost of GBX 818 ($10.68) per share, for a total transaction of £50,028.88 ($65,303.33).

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