Brokerages Set Rolls-Royce Holdings plc (LON:RR) Price Target at GBX 553

Shares of Rolls-Royce Holdings plc (LON:RR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 553 ($6.98).

RR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 555 ($7.00) target price on shares of Rolls-Royce Holdings plc in a report on Tuesday, September 3rd. Shore Capital reaffirmed a “buy” rating on shares of Rolls-Royce Holdings plc in a research note on Thursday, November 7th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 655 ($8.27) target price on shares of Rolls-Royce Holdings plc in a research note on Thursday, November 7th. Jefferies Financial Group restated a “buy” rating and set a GBX 640 ($8.08) target price on shares of Rolls-Royce Holdings plc in a report on Tuesday, September 3rd. Finally, Bank of America reaffirmed a “buy” rating and issued a GBX 675 ($8.52) price target on shares of Rolls-Royce Holdings plc in a report on Monday, September 2nd.

Rolls-Royce Holdings plc Stock Down 0.5 %

RR stock opened at GBX 572.60 ($7.23) on Wednesday. The company has a 50-day simple moving average of GBX 554.34 and a 200 day simple moving average of GBX 502.66. The company has a market capitalization of £48.67 billion, a P/E ratio of 2,055.00, a PEG ratio of 0.55 and a beta of 1.82. Rolls-Royce Holdings plc has a fifty-two week low of GBX 196.45 ($2.48) and a fifty-two week high of GBX 537.20 ($6.78).

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.