The Rolls-Royce Holding PLC’s (RR) “Underperform” Rating Reaffirmed at Credit Suisse Group AG

The Rolls-Royce Holding PLC’s (RR) “Underperform” Rating Reaffirmed at Credit Suisse Group AG

Credit Suisse Group AG reaffirmed their underperform rating on shares of Rolls-Royce Holding PLC (LON:RR) in a research note released on Sunday, StockTargetPrices.com reports. The brokerage currently has a GBX 595 ($7.77) price objective on the stock.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Rolls-Royce Holding PLC from GBX 730 ($9.53) to GBX 835 ($10.90) and gave the company a neutral rating in a report on Thursday, August 11th. Goldman Sachs Group Inc. reduced their price objective on shares of Rolls-Royce Holding PLC from GBX 725 ($9.46) to GBX 718 ($9.37) and set a neutral rating on the stock in a research note on Tuesday, June 28th. BNP Paribas reaffirmed a neutral rating and issued a GBX 649 ($8.47) price objective on shares of Rolls-Royce Holding PLC in a research note on Monday, June 27th. Jefferies Group reaffirmed a buy rating and issued a GBX 800 ($10.44) price objective on shares of Rolls-Royce Holding PLC in a research note on Monday, July 4th. Finally, Deutsche Bank AG raised their price objective on shares of Rolls-Royce Holding PLC from GBX 430 ($5.61) to GBX 471 ($6.15) and gave the company a sell rating in a research note on Thursday, June 30th. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s 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 1-year low of GBX 497.00 and a 1-year high of GBX 875.50. The firm’s market capitalization is GBX 14.21 billion. The stock has a 50 day moving average of GBX 751.54 and a 200-day moving average of GBX 700.40.

In related news, insider Cairnie ,Ruth bought 254 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of GBX 764 ($9.97) per share, with a total value of £1,940.56 ($2,533.04). Also, insider Frank Chapman bought 509 shares of Rolls-Royce Holding PLC stock in a transaction that occurred on Friday, October 7th. The shares were bought at an average cost of GBX 778 ($10.16) per share, with a total value of £3,960.02 ($5,169.06).

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