Goldman Sachs Thinks Rolls-Royce Holdings’ Stock is Going to Recover


Goldman Sachs analyst Chris Hallam maintained a Buy rating on Rolls-Royce Holdings (RYCEF) on November 18 and set a price target of £1.27. The company’s shares closed last Friday at $1.36, close to its 52-week low of $0.88.

According to TipRanks.com, Hallam is ranked #3229 out of 7103 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Rolls-Royce Holdings with a $1.11 average price target.

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The company has a one-year high of $9.58 and a one-year low of $0.88. Currently, Rolls-Royce Holdings has an average volume of 451.3K.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RYCEF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense, ITP Aero, and Corporate. The Civil Aerospace segment offers commercial aero engines and aftermarket services. The Power Systems segment includes engines, power systems and nuclear systems for civil power generation. The Defense segment consists of military aero engines, naval engines, submarines and aftermarket services. The ITP Aero segment provides aeronautical engines and gas turbines. The company was founded in March 1906 and is headquartered in London, the United Kingdom.

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