Rolls-Royce (RR) Stock Rating Reaffirmed by Citigroup
A number of other equities analysts also recently issued reports on RR. Deutsche Bank lifted their price objective on shares of Rolls-Royce from GBX 868 ($11.31) to GBX 880 ($11.46) and gave the stock a hold rating in a report on Friday, June 22nd. Credit Suisse Group raised shares of Rolls-Royce to a neutral rating and lifted their price objective for the stock from GBX 780 ($10.16) to GBX 930 ($12.11) in a report on Monday, June 18th. JPMorgan Chase & Co. lifted their price objective on shares of Rolls-Royce from GBX 800 ($10.42) to GBX 965 ($12.57) and gave the stock a neutral rating in a report on Monday, June 18th. Kepler Capital Markets raised shares of Rolls-Royce to a hold rating and lifted their price objective for the stock from GBX 815 ($10.62) to GBX 975 ($12.70) in a report on Monday, June 25th. Finally, Liberum Capital reaffirmed a hold rating on shares of Rolls-Royce in a report on Thursday, June 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Rolls-Royce currently has an average rating of Hold and a consensus price target of GBX 971.27 ($12.65).
RR traded up GBX 22.44 ($0.29) during mid-day trading on Thursday, reaching GBX 977.44 ($12.73). 2,454,261 shares of the stock were exchanged, compared to its average volume of 4,570,000. Rolls-Royce has a 1 year low of GBX 733.50 ($9.55) and a 1 year high of GBX 994.50 ($12.95).
In other Rolls-Royce news, insider Frank Chapman bought 424 shares of the stock in a transaction dated Friday, September 7th. The shares were bought at an average cost of GBX 965 ($12.57) per share, for a total transaction of £4,091.60 ($5,329.69). Also, insider Lee Hsien Yang bought 90 shares of the stock in a transaction dated Tuesday, August 7th. The shares were acquired at an average price of GBX 1,091 ($14.21) per share, for a total transaction of £981.90 ($1,279.02). Insiders have bought a total of 8,760 shares of company stock worth $9,492,186 over the last quarter.
Rolls-Royce Company Profile
Rolls-Royce Holdings plc, an engineering company, develops, manufactures, markets, and sells power and propulsion systems in the United Kingdom and internationally. The company's Civil Aerospace segment provides aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as aftermarket services.
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