The stock of Rolls-Royce Holding PLC (LON:RR) gapped up by GBX 1 today and has GBX 1178.57 target or 64.00% above today’s GBX 718.64 share price. The 6 months technical chart setup indicates low risk for the GBX 13.21 billion company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 1178.57 price target is reached, the company will be worth GBX 8.45 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock decreased 0.74% or GBX 5.36 on November 8, hitting GBX 718.64. About 4.25M shares traded hands. Rolls-Royce Holding PLC (LON:RR) has risen 9.28% since April 12, 2016 and is uptrending. It has outperformed by 7.32% the S&P500.
Rolls-Royce Holding PLC (LON:RR) Ratings Coverage
Out of 27 analysts covering Rolls-Royce Group PLC (LON:RR), 4 rate it a “Buy”, 8 “Sell”, while 15 “Hold”. This means 15% are positive. Rolls-Royce Group PLC has been the topic of 181 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Underweight” rating by Barclays Capital given on Monday, October 19. The stock has “Underweight” rating given by Barclays Capital on Tuesday, November 8. AlphaValue maintained Rolls-Royce Holding PLC (LON:RR) on Thursday, December 24 with “Reduce” rating. The stock of Rolls-Royce Holding PLC (LON:RR) has “Market Perform” rating given on Sunday, October 4 by Bernstein. The stock has “Underweight” rating given by Barclays Capital on Wednesday, November 25. The firm has “Buy” rating given on Monday, September 28 by Jefferies. The stock has “Underperform” rating given by Bernstein on Monday, January 4. The firm has “Hold” rating by Liberum Capital given on Wednesday, November 25. The rating was maintained by JP Morgan on Monday, January 11 with “Underweight”. AlphaValue maintained it with “Reduce” rating and GBX 835 target price in Thursday, August 6 report.
Rolls-Royce Holdings plc is a provider of an integrated power and propulsion solutions. The company has a market cap of 13.21 billion GBP. The Firm operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses. It currently has negative earnings. The Company’s civil aerospace business is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services.
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