Analysts Set Rolls-Royce Holding PLC (RR) Price Target at $821.50
Shares of Rolls-Royce Holding PLC (LON:RR) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 821.50 ($11.06).
Several equities analysts have recently weighed in on RR shares. Deutsche Bank reduced their price target on Rolls-Royce from GBX 570 ($7.67) to GBX 560 ($7.54) and set a “sell” rating for the company in a report on Thursday, August 31st. Citigroup restated a “buy” rating and set a GBX 1,090 ($14.67) price target on shares of Rolls-Royce in a report on Friday, September 15th. Credit Suisse Group restated an “underperform” rating on shares of Rolls-Royce in a report on Tuesday, October 24th. Barclays raised their price target on Rolls-Royce from GBX 600 ($8.08) to GBX 670 ($9.02) and gave the company an “underweight” rating in a report on Wednesday, November 8th. Finally, Liberum Capital restated a “hold” rating on shares of Rolls-Royce in a report on Thursday, November 9th.
Shares of Rolls-Royce (LON RR) traded up GBX 6.50 ($0.09) during trading on Thursday, reaching GBX 859.50 ($11.57). The company’s stock had a trading volume of 1,280,000 shares, compared to its average volume of 3,880,000. The stock has a market capitalization of $15,820.00 and a price-to-earnings ratio of -2,322.97. Rolls-Royce has a fifty-two week low of GBX 635 ($8.55) and a fifty-two week high of GBX 994.50 ($13.38).
In other Rolls-Royce news, insider Stephen Daintith sold 55,509 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of GBX 961 ($12.93), for a total transaction of £533,441.49 ($717,956.24). Also, insider Ian Davis purchased 11,922 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average price of GBX 832 ($11.20) per share, with a total value of £99,191.04 ($133,500.73). Insiders purchased a total of 12,248 shares of company stock valued at $10,214,897 over the last quarter.
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