Rolls-Royce Holding PLC (RR) Given Average Recommendation of “Hold” by Brokerages
Rolls-Royce Holding PLC (LON:RR) has been assigned an average rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 782.43 ($10.16).
RR has been the subject of several research reports. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 912 ($11.84) price target on shares of Rolls-Royce Holding PLC in a research note on Friday, May 5th. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 570 ($7.40) price target on shares of Rolls-Royce Holding PLC in a research note on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 665 ($8.63) price target on shares of Rolls-Royce Holding PLC in a research note on Tuesday, July 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 740 ($9.61) price target on shares of Rolls-Royce Holding PLC in a research note on Friday, April 21st. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Friday, June 16th.
In related news, insider Lee Hsien Yang acquired 107 shares of Rolls-Royce Holding PLC stock in a transaction on Friday, July 7th. The stock was purchased at an average cost of GBX 919 ($11.93) per share, with a total value of £983.33 ($1,276.55). Also, insider Kevin Smith acquired 295 shares of Rolls-Royce Holding PLC stock in a transaction on Wednesday, June 7th. The shares were bought at an average cost of GBX 897 ($11.64) per share, with a total value of £2,646.15 ($3,435.22). Over the last ninety days, insiders have acquired 504 shares of company stock valued at $461,480.
Shares of Rolls-Royce Holding PLC (RR) traded down 1.15% on Friday, reaching GBX 901.00. 2,826,313 shares of the company were exchanged. The stock has a 50 day moving average price of GBX 922.55 and a 200-day moving average price of GBX 836.41. Rolls-Royce Holding PLC has a 12 month low of GBX 635.00 and a 12 month high of GBX 994.50. The stock’s market capitalization is GBX 16.52 billion.
About Rolls-Royce Holding PLC
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