Morgan Stanley restated their overweight rating on shares of Rolls-Royce Group plc (NASDAQ: RYCEY) in a research note issued to investors on Thursday, Stock Ratings Network.com reports. The firm currently has a $1,300.00 price target on the stock.
Morgan Stanley has also updated their ratings on a number of other stocks in the last week. The firm initiated coverage on shares of Transocean. They issued an equal weight rating on that stock. Also, Morgan Stanley reiterated its equal weight rating on shares of Rio Tinto. Finally, Morgan Stanley reiterated its overweight rating on shares of Vodafone.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a buy rating on shares of Rolls-Royce Group plc in a research note to investors on Monday, July 1st. They now have a $1,350.00 price target on the stock. Separately, analysts at JP Morgan Cazenove reiterated an overweight rating on shares of Rolls-Royce Group plc in a research note to investors on Friday, June 28th. They now have a $1,420.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a hold rating on shares of Rolls-Royce Group plc in a research note to investors on Monday, June 24th. They now have a $930.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. Rolls-Royce Group plc has an average rating of Buy and an average target price of $1,163.33.
Shares of Rolls-Royce Group plc (NASDAQ: RYCEY) traded up 0.66% during mid-day trading on Thursday, hitting $92.349. Rolls-Royce Group plc has a one year low of $63.80 and a one year high of $93.89. The stock’s 50-day moving average is currently $90.. The company has a market cap of $34.579 billion and a P/E ratio of 9.39.
Rolls-Royce Holdings plc, formerly Rolls-Royce Group plc is a provider of power systems and services for use on land, at sea and in the air.