J.P. Morgan Maintains a Sell Rating on Rolls-Royce Holdings (RYCEF)
In a report released today, David Perry from J.P. Morgan maintained a Sell rating on Rolls-Royce Holdings (RYCEF), with a price target of £1.25. The company’s shares closed last Friday at $3.10, close to its 52-week low of $2.90.
According to TipRanks.com, Perry is a 1-star analyst with an average return of -5.4% and a 41.9% success rate. Perry covers the Technology sector, focusing on stocks such as MTU Aero Engines, Airbus Group SE, and BAE Systems.
Rolls-Royce Holdings has an analyst consensus of Hold, with a price target consensus of $5.05.
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The company has a one-year high of $12.00 and a one-year low of $2.90. Currently, Rolls-Royce Holdings has an average volume of 45.9K.
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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.