Analysts Set Rolls-Royce Holding PLC (RR) PT at $1,158.80
Shares of Rolls-Royce Holding PLC (LON:RR) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 1,158.80 ($15.14).
A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Rolls-Royce in a research note on Tuesday, April 16th. Citigroup reiterated a “buy” rating on shares of Rolls-Royce in a research note on Monday, April 8th. Morgan Stanley upgraded shares of Rolls-Royce to an “overweight” rating and upped their price target for the company from GBX 820 ($10.71) to GBX 1,100 ($14.37) in a research note on Monday, March 18th. Goldman Sachs Group upped their price target on shares of Rolls-Royce from GBX 1,242 ($16.23) to GBX 1,284 ($16.78) and gave the company a “conviction-buy” rating in a research note on Wednesday, March 6th. Finally, UBS Group reiterated a “buy” rating on shares of Rolls-Royce in a research note on Friday, March 1st.
In other Rolls-Royce news, insider Lee Hsien Yang bought 110 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were purchased at an average price of GBX 897 ($11.72) per share, for a total transaction of £986.70 ($1,289.30). Also, insider Ian Davis bought 215 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of GBX 922 ($12.05) per share, for a total transaction of £1,982.30 ($2,590.23). In the last quarter, insiders purchased 541 shares of company stock worth $495,188.
Rolls-Royce Company Profile
Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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