Bernstein Sticks to Their Hold Rating for Rolls-Royce Holdings (RYCEF)
Bernstein analyst Douglas Harned maintained a Hold rating on Rolls-Royce Holdings today and set a price target of £15.00.
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Harned covers the Industrials sector, focusing on stocks such as L3Harris Technologies, GE Aerospace, and Boeing. According to TipRanks, Harned has an average return of 12.9% and a 57.83% success rate on recommended stocks.
Rolls-Royce Holdings has an analyst consensus of Strong Buy, with a price target consensus of £15.98.
Based on Rolls-Royce Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p11.72 billion and a net profit of p1.43 billion. In comparison, last year the company earned a revenue of p10.05 billion and had a net profit of p1.37 billion
Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RYCEF in relation to earlier this year.
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