Rolls-Royce Holdings (LON:RR) Rating Reaffirmed
In a note released on 8 December, The “Underperform” rating of Rolls-Royce Holdings (LON:RR) shares was has reaffirmed by Analysts at Bernstein, who now has a GBX 515 PT on the stock. Bernstein’s PT would possibly suggest a possible downside of -14.24% from the stock price of the company.
From a total of 25 analysts covering Rolls-Royce Group PLC (LON:RR) stock, 4 rate it a ”Buy”, 7 a “Sell”, and 14 a ”Hold”. This means that 16% of the ratings are positive. The highest target price is GBX 1100 while the lowest target price is GBX 405. The mean of all analyst targets is GBX 599.23 with a 0.29% above today’s (GBX 597.5) stock price. Rolls-Royce Group PLC was the topic of 85 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 4 with “Sell” rating. Investec maintained shares with “Sell” rating and GBX 420 target share price in a report from a November 25. Bernstein maintained RR stock in a recent report from December 1 with “Market Perform” rating. Kepler Cheuvreux maintained the rating on November 25. Kepler Cheuvreux has a “Reduce” rating and a GBX 470 price target on shares. Finally, JP Morgan maintained the stock with “Underweight” rating in a report issued on a November 25.
Approximately 2.52 million shares of stock traded hands. Rolls-Royce Holding PLC (LON:RR) has declined 40.15% since May 11, 2015 and is downtrending. It has underperformed by 39.55% the S&P500.
Rolls-Royce Holdings plc is a United Kingdom firm that designs, develops, makes and services power systems for use in the air, on land and at sea. The company has a market cap of 10.64 billion GBP. The Firm operates through two divisions: Aerospace and Land & Sea. It currently has negative earnings. The Aerospace Division produces aero engines for large civil aircraft and corporate jets and provides defense aero engines and services.