Rolls-Royce Holding PLC (LON:RR) Given “Hold” Rating at Berenberg Bank

Rolls-Royce Holding PLC (LON:RR)‘s stock had its “hold” rating restated by stock analysts at Berenberg Bank in a research note issued to investors on Wednesday, June 26th, ThisIsMoney.Co.Uk reports.

Several other research firms have also commented on RR. Citigroup set a $6.00 target price on Solid Biosciences and gave the stock a “hold” rating in a report on Thursday, May 16th. Societe Generale dropped their price objective on Rolls-Royce Holding PLC from GBX 1,250 ($16.33) to GBX 1,235 ($16.14) and set a “buy” rating on the stock in a report on Monday, March 11th. Goldman Sachs Group set a €32.00 ($37.21) price objective on Duerr and gave the company a “neutral” rating in a report on Wednesday, March 6th. Deutsche Bank raised RDS-A from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,380 ($57.23) price objective on shares of Unilever in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,102.11 ($14.40).

Rolls-Royce Holding PLC stock traded down GBX 14 ($0.18) during midday trading on Wednesday, reaching GBX 856 ($11.19). The company’s stock had a trading volume of 2,505,351 shares, compared to its average volume of 4,570,000. The stock’s 50-day simple moving average is GBX 873.76. Rolls-Royce Holding PLC has a 52-week low of GBX 747 ($9.76) and a 52-week high of GBX 1,104.50 ($14.43). The firm has a market capitalization of $16.38 billion and a PE ratio of -6.63.

In related news, insider Ian Davis acquired 215 shares of Rolls-Royce Holding PLC stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of GBX 922 ($12.05) per share, with a total value of £1,982.30 ($2,590.23). Also, insider Ruth Cairnie acquired 225 shares of Rolls-Royce Holding PLC stock in a transaction on Monday, July 8th. The shares were bought at an average cost of GBX 864 ($11.29) per share, with a total value of £1,944 ($2,540.18). Insiders have acquired a total of 653 shares of company stock valued at $586,460 over the last ninety days.

About Rolls-Royce Holding PLC

Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

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Analyst Recommendations for Rolls-Royce Holding PLC (LON:RR)

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