Key Research Analysts at Haitong Securities Maintain their ‘Neutral’ rating for Rolls-Royce Group PLC (LON:RR) Shares Today. Their Target Price per Share Provided Is GBX 490.00

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Rolls-Royce Group PLC (LON:RR) Rating Reaffirmed

London: In a comprehensive report issued to clients on Wednesday morning, Haitong Securities maintained their Neutral rating on Rolls-Royce Group PLC (LON:RR) shares. They now have a GBX 490.00 Estimated Target Price on the company. Haitong Securities’s target could mean a potential downside of -11.35% from the company’s last price.

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 7.16% above today’s (GBX 555.5) stock price. Rolls-Royce Group PLC was the topic of 90 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Haitong Securities maintained shares on December 16 with “Neutral” rating. AlphaValue maintained shares with “Buy” rating and GBX 825 target share price in a report from a December 3. RBC Capital Markets maintained RR stock in a recent report from December 14 with “Sector Perform” rating. Societe Generale maintained the rating on November 26. Societe Generale has a “Sell” rating and a GBX 450 price target on shares. Finally, Deutsche Bank maintained the stock with “Sell” rating in a report issued on a December 4.

Approximately 3.00M shares of stock traded hands. Rolls-Royce Holding PLC (LON:RR) has declined 46.48% since May 19, 2015 and is downtrending. It has underperformed by 43.86% the S&P500.

Key Research Analysts at Haitong Securities Maintain their ‘Neutral’ rating for Rolls-Royce Group PLC (LON:RR) Shares Today. Their Target Price per Share Provided Is GBX 490.00

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 10.23 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.

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