Rolls-Royce Holding PLC (RR) Earns “Buy” Rating from Citigroup Inc.
Rolls-Royce Holding PLC (LON:RR)‘s stock had its “buy” rating reissued by Citigroup Inc. in a research note issued to investors on Friday. They currently have a GBX 1,090 ($14.08) price objective on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 23.09% from the company’s previous close.
A number of other analysts have also commented on RR. Berenberg Bank raised their price target on Rolls-Royce Holding PLC from GBX 770 ($9.94) to GBX 990 ($12.79) and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holding PLC in a research note on Tuesday, August 1st. Barclays PLC dropped their price target on Rolls-Royce Holding PLC from GBX 600 ($7.75) to GBX 480 ($6.20) and set an “underweight” rating for the company in a research note on Monday, August 7th. Deutsche Bank AG dropped their price target on Rolls-Royce Holding PLC from GBX 570 ($7.36) to GBX 560 ($7.23) and set a “sell” rating for the company in a research note on Thursday, August 31st. Finally, Jefferies Group LLC raised their price target on Rolls-Royce Holding PLC from GBX 900 ($11.62) to GBX 1,100 ($14.21) and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Seven research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 771.13 ($9.96).
Rolls-Royce Holding PLC (LON RR) traded down 1.88% during mid-day trading on Friday, hitting GBX 885.50. 6,497,424 shares of the stock traded hands. Rolls-Royce Holding PLC has a 1-year low of GBX 635.00 and a 1-year high of GBX 994.50. The company has a 50-day moving average of GBX 915.55 and a 200 day moving average of GBX 863.81. The firm’s market capitalization is GBX 16.24 billion.
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In related news, insider Lee Hsien Yang purchased 102 shares of Rolls-Royce Holding PLC stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost of GBX 966 ($12.48) per share, for a total transaction of £985.32 ($1,272.53). Also, insider Kevin Smith purchased 298 shares of Rolls-Royce Holding PLC stock in a transaction dated Thursday, September 7th. The shares were bought at an average price of GBX 886 ($11.44) per share, with a total value of £2,640.28 ($3,409.89). Insiders have acquired 507 shares of company stock valued at $460,893 in the last three months.
About Rolls-Royce Holding PLC
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