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.
Recommended Story: Momentum Indicator: Relative Strength Index
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: Average Daily Trade Volume Explained7 Cryptocurrencies That Are Leading The Market Higher
An Influx Of Capital Is Driving Cryptocurrency Higher
There is an influx of money to the cryptocurrency market that is driving the entire complex higher. Not only is institutional interest peaking but recognition and use are on the rise as well. With Bitcoin setting new all-time highs 100% above the 2017 highs the number of new Bitcoin millionaires is on the rise too.
But Bitcoin is not the only cryptocurrency on the market today by far. The number of cryptocurrencies on the market has been growing steadily with more than 4,000 listed on Coinmarketcap alone. But that doesn’t mean they are all worth your time. Many if not most will not stand the test of time.
One way to judge the market’s interest in a cryptocurrency is its market performance gains. A cryptocurrency that is gaining in value is certainly one that you may want to own. The better method of judging the market’s interest in a cryptocurrency is the market cap. The cryptocurrency market is worth upwards of $1 trillion and growing, and most of that value is centered in the top seven. Together, the bottom 3,993 odd cryptocurrencies only account for 12% of the market and have yet to prove any lasting value.
View the "7 Cryptocurrencies That Are Leading The Market Higher"