Rolls-Royce Group PLC (LON:RR) Rating Reaffirmed
Rolls-Royce Group PLC (LON:RR) has had their stock rating kept as a solid Underweight by investment advisers at JP Morgan Cazenove. This was announced in analysts report on Wednesday, 9 December.
From a total of 25 analysts covering Rolls-Royce Group PLC (LON:RR) stock, 4 rate it a ”Buy”, 8 a “Sell”, and 13 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 595.27 with a 2.54% above today’s (GBX 580.5) stock price. Rolls-Royce Group PLC was the topic of 86 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 8 with “Underperform” rating. Investec maintained shares with “Sell” rating and GBX 420 target share price in a report from a November 25. AlphaValue maintained RR stock in a recent report from December 3 with “Buy” 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 5.63M shares of stock traded hands. Rolls-Royce Holding PLC (LON:RR) has declined 41.29% since May 12, 2015 and is downtrending. It has underperformed by 40.50% 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 11.04 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.