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Rolls-Royce Holdings plc (RR.L) (LON:RR) Price Target Cut to GBX 140 by Analysts at Berenberg Bank

Monday, December 14, 2020 | MarketBeat

Rolls-Royce Holdings plc (RR.L) (LON:RR) had its price objective reduced by equities research analysts at Berenberg Bank from GBX 250 ($3.27) to GBX 140 ($1.83) in a report released on Monday, Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target indicates a potential upside of 23.24% from the stock's current price.

A number of other equities research analysts also recently weighed in on the company. Citigroup reiterated a "buy" rating and issued a GBX 564 ($7.37) target price on shares of Rolls-Royce Holdings plc (RR.L) in a report on Monday, August 24th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a "buy" rating and set a GBX 564 ($7.37) price target on shares of Rolls-Royce Holdings plc (RR.L) in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Rolls-Royce Holdings plc (RR.L) from GBX 90 ($1.18) to GBX 80 ($1.05) and set an "underweight" rating for the company in a research report on Friday, August 28th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. The stock presently has an average rating of "Hold" and a consensus target price of GBX 382.33 ($5.00).

RR traded down GBX 3.20 ($0.04) during trading on Monday, reaching GBX 113.60 ($1.48). 29,469,730 shares of the company's stock were exchanged, compared to its average volume of 1,813,907. The stock has a market capitalization of £9.51 billion and a PE ratio of -0.38. Rolls-Royce Holdings plc has a one year low of GBX 1.57 ($0.02) and a one year high of GBX 715.80 ($9.35). The firm has a fifty day moving average price of GBX 113.60 and a two-hundred day moving average price of GBX 210.07.

In other news, insider Ian Davis purchased 2,732 shares of the firm's stock in a transaction dated Monday, November 9th. The shares were purchased at an average price of GBX 72 ($0.94) per share, with a total value of £1,967.04 ($2,569.95). Also, insider Lee Hsien Yang acquired 610 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was acquired at an average price of GBX 161 ($2.10) per share, for a total transaction of £982.10 ($1,283.12).

Rolls-Royce Holdings plc (RR.L) Company Profile

Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates in four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment develops, manufactures, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

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Analyst Recommendations for Rolls-Royce Holdings plc (RR.L) (LON:RR)

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