Rolls-Royce (LON:RR)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup in a report released on Thursday, September 13th. They currently have a GBX 1,210 ($15.81) price objective on the stock. Citigroup’s price target would suggest a potential upside of 31.24% from the company’s previous close.
RR has been the subject of several other reports. JPMorgan Chase & Co. cut Rolls-Royce to an “underweight” rating and lowered their target price for the stock from GBX 965 ($12.61) to GBX 840 ($10.98) in a report on Friday, August 10th. Deutsche Bank upped their target price on Rolls-Royce from GBX 868 ($11.34) to GBX 880 ($11.50) and gave the stock a “hold” rating in a report on Friday, June 22nd. Goldman Sachs Group restated a “buy” rating and set a GBX 1,279 ($16.71) price objective on shares of Rolls-Royce in a research note on Monday, June 18th. Credit Suisse Group upgraded Rolls-Royce to a “neutral” rating and upped their price objective for the stock from GBX 780 ($10.19) to GBX 930 ($12.15) in a research note on Monday, June 18th. Finally, Kepler Capital Markets upgraded Rolls-Royce to a “hold” rating and upped their price objective for the stock from GBX 815 ($10.65) to GBX 975 ($12.74) in a research note on Monday, June 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 971.27 ($12.69).
RR traded down GBX 38.20 ($0.50) during trading hours on Thursday, reaching GBX 922 ($12.05). 4,155,670 shares of the company’s stock traded hands, compared to its average volume of 4,570,000. Rolls-Royce has a 52-week low of GBX 733.50 ($9.58) and a 52-week high of GBX 994.50 ($12.99).
In related news, insider Lee Hsien Yang purchased 90 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average price of GBX 1,091 ($14.26) per share, with a total value of £981.90 ($1,283.03). Also, insider Nicholas (Nick) Luff purchased 8,050 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was bought at an average cost of GBX 1,092 ($14.27) per share, with a total value of £87,906 ($114,864.76). In the last 90 days, insiders bought 8,769 shares of company stock worth $9,492,085.
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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