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Rolls-Royce Holding PLC 62.6% Potential Upside Indicated by Goldman Sachs

Rolls-Royce Holding PLC using EPIC/TICKER code (LON:RR) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘CONVICTION BUY’ this morning by analysts at Goldman Sachs. Rolls-Royce Holding PLC are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 1239 GBX on its stock. This indicates the analyst now believes there is a potential upside of 62.6% from today’s opening price of 762 GBX. Over the last 30 and 90 trading days the company share price has decreased 103.8 points and decreased 172.6 points respectively. The 1 year high share price is 1039 GBX while the 52 week low is 723.4 GBX.

Rolls-Royce Holding PLC has a 50 day moving average of 866.53 GBX and the 200 Day Moving Average price is recorded at 884.21. There are currently 1,920,005,119 shares in issue with the average daily volume traded being 4,645,285. Market capitalisation for LON:RR is £14,346,277,594 GBP.