Rolls-Royce Holding PLC (LON:RR) Given Buy Rating at Citigroup Inc

Cornelia Mascio
Agosto 13, 2017

Rolls-Royce Holding PLC (LON:RR) had its price target lifted by equities research analysts at Deutsche Bank AG from GBX 525 ($6.84) to GBX 570 ($7.42) in a report issued on Friday, July 14th. They now have a GBX 665 ($8.66) price target on the stock. Deutsche Bank AG's price objective would suggest a potential downside of 37.36% from the stock's previous close.

RR has been the subject of a number of other reports. Barclays PLC restated an "underweight" rating and set a GBX 480 ($6.25) price objective on shares of Rolls-Royce Holding PLC in a research note on Monday, March 20th. Credit Suisse Group reaffirmed an "underperform" rating and issued a GBX 665 ($8.66) price objective on shares of Rolls-Royce Holding PLC in a report on Tuesday, July 11th. Finally, J P Morgan Chase & Co reaffirmed a "neutral" rating and set a GBX 950 ($12.37) price objective on shares of Rolls-Royce Holding PLC in a research note on Monday, July 24th. Seven investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company now has an average rating of Hold and an average price target of GBX 774.93 ($10.09). 3,439,068 shares of the stock were exchanged.

Separately, Fisher Asset Management LLC increased its position in shares of Rolls-Royce Holdings PLC by 0.8% in the second quarter. The firm's 50 day moving average price is GBX 925.92 and its 200-day moving average price is GBX 828.18. Rolls-Royce Holdings PLC has a 12 month low of $7.90 and a 12 month high of $13.10. The company's market capitalization is $21.70 billion.

TRADEMARK VIOLATION WARNING: "Rolls-Royce Holding PLC (LON:RR) Given Buy Rating at Citigroup Inc." was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another publication, it was stolen and republished in violation of USA & global copyright laws. MA continued to hold its stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, Holdings Channel reports. The original version of this news story can be accessed at https://stocknewstimes.com/2017/08/13/deutsche-bank-ag-boosts-rolls-royce-holding-plc-lonrr-price-target-to-gbx-570-updated-updated-updated.html.

In related news, insider Kevin Smith acquired 295 shares of the stock in a transaction on Wednesday, June 7th. The shares were acquired at an average price of GBX 897 ($11.68) per share, for a total transaction of £2,646.15 ($3,445.96). The shares were acquired at an average cost of GBX 966 ($12.58) per share, for a total transaction of £985.32 ($1,283.14). Parametric Portfolio Associates LLC now owns 920,044 shares of the aerospace company's stock worth $8,740,000 after buying an additional 175,747 shares during the last quarter.

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