Rolls-Royce (RR) Receives “Buy” Rating from Citigroup
Several other equities analysts have also weighed in on RR. Jefferies Financial Group restated a buy rating and set a GBX 1,100 ($14.37) price objective on shares of Rolls-Royce in a research report on Friday, April 5th. UBS Group restated a buy rating and set a GBX 1,160 ($15.16) price objective (up previously from GBX 1,130 ($14.77)) on shares of Rolls-Royce in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Rolls-Royce from GBX 700 ($9.15) to GBX 650 ($8.49) and set an underweight rating for the company in a research report on Tuesday, March 26th. Morgan Stanley upgraded shares of Rolls-Royce to an overweight rating and raised their price objective for the company from GBX 820 ($10.71) to GBX 1,100 ($14.37) in a research report on Monday, March 18th. Finally, Deutsche Bank restated a hold rating on shares of Rolls-Royce in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 1,029.91 ($13.46).
Rolls-Royce stock opened at GBX 884 ($11.55) on Monday. Rolls-Royce has a 52 week low of GBX 747 ($9.76) and a 52 week high of GBX 1,104.50 ($14.43). The stock has a market cap of $16.85 billion and a price-to-earnings ratio of -6.84.
In other news, insider Ian Davis bought 216 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was bought at an average cost of GBX 918 ($12.00) per share, for a total transaction of £1,982.88 ($2,590.98). Also, insider Lee Hsien Yang bought 110 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was purchased at an average price of GBX 897 ($11.72) per share, with a total value of £986.70 ($1,289.30). Over the last quarter, insiders acquired 434 shares of company stock valued at $395,130.
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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