Rolls-Royce Holding PLC (RR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Rolls-Royce Holding PLC (LON:RR) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 816.67 ($11.07).
Several equities research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Rolls-Royce from GBX 600 ($8.14) to GBX 670 ($9.09) and gave the company an “underweight” rating in a research note on Wednesday, November 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 970 ($13.15) price objective on shares of Rolls-Royce in a research note on Friday, January 5th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 1,208 ($16.38) price objective on shares of Rolls-Royce in a research note on Friday, November 24th. Liberum Capital lifted their price objective on shares of Rolls-Royce from GBX 670 ($9.09) to GBX 875 ($11.87) and gave the company a “hold” rating in a research note on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of Rolls-Royce in a research note on Friday.
In other news, insider Ruth Cairnie acquired 224 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were purchased at an average cost of GBX 866 ($11.74) per share, with a total value of £1,939.84 ($2,630.65). Also, insider Lee Hsien Yang acquired 101 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average cost of GBX 976 ($13.24) per share, for a total transaction of £985.76 ($1,336.80). In the last three months, insiders purchased 12,364 shares of company stock worth $10,310,061.
Rolls-Royce Company Profile
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