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

Rolls-Royce Holdings plc (LON:RR) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 553 ($6.98).

Several analysts recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 640 ($8.08) target price on shares of Rolls-Royce Holdings plc in a research note on Tuesday, September 3rd. Shore Capital reiterated a “buy” rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 555 ($7.01) target price on shares of Rolls-Royce Holdings plc in a report on Tuesday, September 3rd. Bank of America reaffirmed a “buy” rating and set a GBX 675 ($8.52) target price on shares of Rolls-Royce Holdings plc in a report on Monday, September 2nd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 655 ($8.27) price target on shares of Rolls-Royce Holdings plc in a research note on Thursday, November 7th.

Rolls-Royce Holdings plc Trading Down 0.5 %

Shares of LON RR opened at GBX 572.60 ($7.23) on Wednesday. Rolls-Royce Holdings plc has a twelve month low of GBX 196.45 ($2.48) and a twelve month high of GBX 537.20 ($6.78). The firm has a 50-day moving average of GBX 554.34 and a two-hundred day moving average of GBX 503.43. The company has a market capitalization of £48.67 billion, a price-to-earnings ratio of 2,045.00, a PEG ratio of 0.55 and a beta of 1.82.

About Rolls-Royce Holdings plc

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.