Rolls-Royce Group PLC (LON:RR) Rating Reaffirmed
Rolls-Royce Group PLC (LON:RR) stock “Underweight” rating has been reiterated at JP Morgan Cazenove in a recent report issued to clients and investors on Tuesday, 15 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 10.75% above today’s (GBX 537.5) stock price. Rolls-Royce Group PLC was the topic of 87 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 9 with “Underweight” rating. Investec maintained shares with “Sell” rating and GBX 420 target share price in a report from a November 25. Deutsche Bank maintained RR stock in a recent report from December 4 with “Sell” rating. Kepler Cheuvreux maintained the rating on November 25. Kepler Cheuvreux has a “Reduce” rating and a GBX 470 price target on shares. Finally, Societe Generale maintained the stock with “Sell” rating in a report issued on a November 26.
The stock closed the day at GBX 537.5 during the previous session. It is down 46.78% since May 18, 2015 and is downtrending. It has underperformed by 42.37% 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 9.88 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.