Rolls-Royce (RR) Shares Down 0.8%
Shares of Rolls-Royce Holding PLC (LON:RR) traded down 0.8% during trading on Wednesday . The company traded as low as GBX 815 ($11.26) and last traded at GBX 820.60 ($11.34). 4,706,865 shares traded hands during trading, an increase of 45% from the average session volume of 3,250,000 shares. The stock had previously closed at GBX 827.20 ($11.43).
RR has been the topic of a number of research analyst reports. Goldman Sachs Group reissued a “conviction-buy” rating and issued a GBX 1,261 ($17.42) price target on shares of Rolls-Royce in a research note on Monday. Deutsche Bank reissued a “hold” rating and issued a GBX 818 ($11.30) price target on shares of Rolls-Royce in a research note on Wednesday, February 7th. Citigroup reissued a “buy” rating on shares of Rolls-Royce in a research note on Thursday, January 18th. Kepler Capital Markets reissued a “reduce” rating and issued a GBX 815 ($11.26) price target on shares of Rolls-Royce in a research note on Thursday, January 18th. Finally, Liberum Capital raised their price target on Rolls-Royce from GBX 670 ($9.26) to GBX 875 ($12.09) and gave the stock a “hold” rating in a research note on Friday, January 12th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 887.42 ($12.26).
The firm has a market capitalization of $15,180.00 and a price-to-earnings ratio of -2,217.84.
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Rolls-Royce Holdings plc is a United Kingdom-based engineering company. The Company is focused on power and propulsion systems. Its segments include Civil Aerospace, which is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services; Defence Aerospace, which is engaged in the development, manufacture, marketing and sales of military aero engines and aftermarket services, and caters to sectors, including combat aircraft, trainer aircraft and helicopters; Power Systems, which is engaged in the development, manufacture, marketing and sales of reciprocating engines and power systems; Marine, which is engaged in the development, manufacture, marketing and sales of marine-power propulsion systems and aftermarket services, operating in offshore, merchant and naval markets, and Nuclear, which is engaged in the development, manufacture, marketing and sales of nuclear systems for civil power generation and naval propulsion systems.
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