Rolls-Royce Holding PLC (LON:RR)’s share price dropped 1.7% on Thursday . The stock traded as low as GBX 820.50 ($11.04) and last traded at GBX 823 ($11.08). Approximately 3,420,144 shares traded hands during trading, a decline of 35% from the average daily volume of 5,250,000 shares. The stock had previously closed at GBX 837.50 ($11.27).

RR has been the topic of several analyst reports. Deutsche Bank lowered their target price on Rolls-Royce from GBX 570 ($7.67) to GBX 560 ($7.54) and set a “sell” rating on the stock in a research report on Thursday, August 31st. Citigroup reiterated a “buy” rating and set a GBX 1,090 ($14.67) target price on shares of Rolls-Royce in a research report on Friday, September 15th. Credit Suisse Group restated an “underperform” rating on shares of Rolls-Royce in a research report on Tuesday, October 24th. Barclays boosted their price objective on Rolls-Royce from GBX 600 ($8.08) to GBX 670 ($9.02) and gave the company an “underweight” rating in a research report on Wednesday, November 8th. Finally, Liberum Capital restated a “hold” rating on shares of Rolls-Royce in a research report on Thursday, November 9th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Rolls-Royce has an average rating of “Hold” and a consensus target price of GBX 840.67 ($11.31).

In other news, insider Lee Hsien Yang bought 108 shares of Rolls-Royce stock in a transaction dated Monday, October 9th. The shares were purchased at an average cost of GBX 915 ($12.31) per share, with a total value of £988.20 ($1,330.01). Also, insider Ian Davis bought 11,922 shares of Rolls-Royce stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average cost of GBX 832 ($11.20) per share, for a total transaction of £99,191.04 ($133,500.73). Insiders bought 12,248 shares of company stock worth $10,214,897 over the last ninety days.

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