The stock of Rolls-Royce Holding PLC (LON:RR) is a huge mover today! The stock decreased 5.95% or GBX 41.56 on November 18, hitting GBX 657.44. About 12.44 million shares traded hands or 117.10% up from the average. Rolls-Royce Holding PLC (LON:RR) has risen 1.01% since April 21, 2016 and is uptrending. It has underperformed by 3.42% the S&P500.
The move comes after 6 months negative chart setup for the GBX 11.44 billion company. It was reported on Nov, 18 by Barchart.com. We have GBX 611.42 PT which if reached, will make LON:RR worth GBX 800.80M less.
Rolls-Royce Holding PLC (LON:RR) Ratings Coverage
Out of 27 analysts covering Rolls-Royce Group PLC (LON:RR), 4 rate it a “Buy”, 9 “Sell”, while 14 “Hold”. This means 15% are positive. Rolls-Royce Group PLC has been the topic of 188 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the shares of RR in a report on Wednesday, November 25 with “Buy” rating. The stock of Rolls-Royce Holding PLC (LON:RR) has “Neutral” rating given on Friday, November 13 by Haitong Securities. The rating was maintained by Kepler Cheuvreux on Wednesday, November 25 with “Reduce”. The firm has “Neutral” rating by JP Morgan given on Monday, October 10. The company was maintained on Monday, February 15 by BNP Paribas. JP Morgan maintained Rolls-Royce Holding PLC (LON:RR) rating on Monday, November 9. JP Morgan has “Underweight” rating and GBX 630 price target. Deutsche Bank maintained it with “Sell” rating and GBX 430 target price in Monday, February 1 report. Goldman Sachs maintained Rolls-Royce Holding PLC (LON:RR) on Monday, November 16 with “Buy” rating. Barclays Capital maintained it with “Underweight” rating and GBX 480 target price in Tuesday, September 6 report. Investec maintained Rolls-Royce Holding PLC (LON:RR) on Wednesday, November 18 with “Sell” rating.
Another recent and important Rolls-Royce Holding PLC (LON:RR) news was published by Bloomberg.com which published an article titled: “Emirates Says Rolls-Royce’s A380 Engines Not Up to Standard” on November 18, 2016.
Rolls-Royce Holdings plc is a provider of an integrated power and propulsion solutions. The company has a market cap of 11.44 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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