Rolls-Royce Holding PLC (RR) Given Consensus Rating of “Hold” by Brokerages
Shares of Rolls-Royce Holding PLC (LON:RR) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 811 ($10.70).
RR has been the topic of a number of recent analyst reports. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 1,137 ($15.00) price target on shares of Rolls-Royce Holding PLC in a research note on Friday, July 21st. Jefferies Group LLC increased their price target on shares of Rolls-Royce Holding PLC from GBX 900 ($11.88) to GBX 1,100 ($14.52) and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, August 1st. Berenberg Bank increased their price target on shares of Rolls-Royce Holding PLC from GBX 770 ($10.16) to GBX 990 ($13.06) and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 950 ($12.54) price target on shares of Rolls-Royce Holding PLC in a research note on Monday, July 24th.
In other Rolls-Royce Holding PLC news, insider Beverly Goulet bought 4,250 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of GBX 885 ($11.68) per share, with a total value of £37,612.50 ($49,633.81). Also, insider Lee Hsien Yang bought 108 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was acquired at an average cost of GBX 915 ($12.07) per share, for a total transaction of £988.20 ($1,304.04). In the last three months, insiders bought 4,758 shares of company stock worth $4,222,630.
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About Rolls-Royce Holding PLC
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