Jefferies Financial Group reaffirmed their buy rating on shares of Rolls-Royce Holding PLC (LON:RR) in a report issued on Thursday, Digital Look reports. Jefferies Financial Group currently has a GBX 1,100 ($14.37) price target on the stock.
A number of other equities analysts have also issued reports on RR. UBS Group reissued a buy rating and set a GBX 1,000 ($13.07) price target (down from GBX 1,160 ($15.16)) on shares of Rolls-Royce Holding PLC in a research report on Tuesday, September 10th. Credit Suisse Group reaffirmed an outperform rating on shares of Rolls-Royce Holding PLC in a research note on Monday, October 14th. Citigroup reaffirmed a buy rating on shares of Rolls-Royce Holding PLC in a research note on Wednesday, August 14th. Investec raised shares of Rolls-Royce Holding PLC to a hold rating in a research note on Monday, October 14th. Finally, Goldman Sachs Group dropped their price objective on shares of Rolls-Royce Holding PLC from GBX 1,367 ($17.86) to GBX 1,239 ($16.19) and set a conviction-buy rating on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Rolls-Royce Holding PLC has a consensus rating of Buy and an average target price of GBX 949.75 ($12.41).
RR traded down GBX 37.20 ($0.49) during trading on Thursday, reaching GBX 739.60 ($9.66). 4,499,594 shares of the company’s stock were exchanged, compared to its average volume of 4,570,000. Rolls-Royce Holding PLC has a 1 year low of GBX 687.80 ($8.99) and a 1 year high of GBX 1,003.50 ($13.11). The stock has a market capitalization of $14.28 billion and a P/E ratio of -5.90. The company’s fifty day simple moving average is GBX 744.35 and its 200-day simple moving average is GBX 829.09.
In related news, insider Lee Hsien Yang purchased 129 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average price of GBX 764 ($9.98) per share, with a total value of £985.56 ($1,287.81). Also, insider Ruth Cairnie purchased 248 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of GBX 783 ($10.23) per share, for a total transaction of £1,941.84 ($2,537.36). Insiders have bought a total of 2,512 shares of company stock worth $1,931,290 in the last ninety days.
About Rolls-Royce Holding PLC
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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