Rolls-Royce Holdings plc (LON:RR) Trading Down 0.7% - Here's What Happened

Shares of Rolls-Royce Holdings plc (LON:RR - Get Free Report) dropped 0.7% on Tuesday . The company traded as low as GBX 577.20 ($7.36) and last traded at GBX 582.40 ($7.43). Approximately 11,009,206 shares were traded during mid-day trading, The stock had previously closed at GBX 586.40 ($7.48).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Shore Capital reaffirmed a "buy" rating on shares of Rolls-Royce Holdings plc in a report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 655 ($8.36) price objective on shares of Rolls-Royce Holdings plc in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 555 ($7.08) target price on shares of Rolls-Royce Holdings plc in a research note on Tuesday, September 3rd. Jefferies Financial Group restated a "buy" rating and issued a GBX 640 ($8.16) price target on shares of Rolls-Royce Holdings plc in a research note on Tuesday, September 3rd. Finally, Bank of America reaffirmed a "buy" rating and set a GBX 675 ($8.61) price objective on shares of Rolls-Royce Holdings plc in a research report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 553 ($7.05).

Rolls-Royce Holdings plc Trading Down 2.9 %

The firm has a 50-day moving average of GBX 552.34 and a two-hundred day moving average of GBX 501.23. The firm has a market capitalization of £48.09 billion, a P/E ratio of 2,020.71, a P/E/G 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.