Rolls-Royce Holdings plc (LON:RR) Stock Price Down 0.3% – Should You Sell?

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

Analyst Upgrades and Downgrades

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

Rolls-Royce Holdings plc Stock Up 3.5 %

The company has a 50 day moving average of GBX 562.73 and a two-hundred day moving average of GBX 514.29. The firm has a market cap of £50.01 billion, a P/E ratio of 2,101.43, a PEG ratio of 0.55 and a beta of 1.82.

About Rolls-Royce Holdings plc

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.