Rolls-Royce Holdings plc (LON:RR) Shares Down 0.3% - Here's What Happened

Rolls-Royce Holdings plc (LON:RR - Get Free Report)'s stock price fell 0.3% on Wednesday . The stock traded as low as GBX 565 ($6.99) and last traded at GBX 568.60 ($7.04). 7,578,343 shares changed hands during mid-day trading, The stock had previously closed at GBX 570.40 ($7.06).

Analyst Upgrades and Downgrades

Several research firms recently commented on RR. JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 655 ($8.11) target price on shares of Rolls-Royce Holdings plc in a research report on Thursday, November 7th. Shore Capital reissued a "buy" rating on shares of Rolls-Royce Holdings plc in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Rolls-Royce Holdings plc presently has an average rating of "Moderate Buy" and a consensus price target of GBX 553 ($6.84).

Rolls-Royce Holdings plc Stock Performance

The stock has a 50 day moving average of GBX 562.73 and a two-hundred day moving average of GBX 514.29. The stock has a market cap of £48.33 billion, a PE ratio of 2,030.71, a PEG ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.