Rolls-Royce Holdings plc (LON:RR) Given “Equal Weight” Rating at Morgan Stanley

Rolls-Royce Holdings plc (LON:RRGet Rating)‘s stock had its “equal weight” rating reissued by analysts at Morgan Stanley in a note issued to investors on Tuesday, Digital Look reports.

RR has been the topic of a number of other research reports. JPMorgan Chase & Co. downgraded Rolls-Royce Holdings plc to an “underweight” rating and cut their target price for the stock from GBX 140 ($1.78) to GBX 75 ($0.96) in a research note on Tuesday, April 12th. Citigroup upped their price objective on Rolls-Royce Holdings plc from GBX 157 ($2.00) to GBX 177 ($2.26) and gave the company a “buy” rating in a research note on Monday, January 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 160 ($2.04) price objective on shares of Rolls-Royce Holdings plc in a research note on Monday, February 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Rolls-Royce Holdings plc from GBX 130 ($1.66) to GBX 110 ($1.40) and set a “hold” rating on the stock in a research note on Wednesday, April 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rolls-Royce Holdings plc has a consensus rating of “Hold” and an average price target of GBX 130.80 ($1.67).

Shares of LON RR opened at GBX 86.83 ($1.11) on Tuesday. Rolls-Royce Holdings plc has a twelve month low of GBX 83.49 ($1.06) and a twelve month high of GBX 161.91 ($2.06). The stock’s 50 day moving average price is GBX 98.69 and its 200-day moving average price is GBX 117.61. The company has a market capitalization of £7.27 billion and a PE ratio of 62.02.

In other news, insider Lee Hsien Yang purchased 850 shares of the firm’s stock in a transaction dated Monday, February 7th. The shares were purchased at an average price of GBX 115 ($1.47) per share, with a total value of £977.50 ($1,245.86). Also, insider Panos Kakoullis bought 10,547 shares of Rolls-Royce Holdings plc stock in a transaction that occurred on Monday, March 28th. The stock was purchased at an average cost of GBX 110 ($1.40) per share, for a total transaction of £11,601.70 ($14,786.77). In the last ninety days, insiders bought 42,502 shares of company stock worth $4,738,848.

Rolls-Royce Holdings plc Company Profile (Get Rating)

Rolls-Royce Holdings plc operates as an industrial technology company in the United Kingdom and internationally. The company operates in four segments: Civil Aerospace, Power Systems, Defence, and New Markets. The Civil Aerospace segment develops, manufactures, and sells 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 Holdings plc (LON:RR)

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