Rolls-Royce Holding PLC (RR) Trading Down 0.8%

Rolls-Royce Holding PLC (LON:RR)’s share price dropped 0.8% on Tuesday . The stock traded as low as GBX 901 ($11.85) and last traded at GBX 912 ($11.99). Approximately 2,256,139 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 4,321,210 shares. The stock had previously closed at GBX 919.50 ($12.09).

Several equities research analysts have issued reports on the company. Citigroup Inc. restated a “buy” rating and issued a GBX 1,090 ($14.33) price target on shares of Rolls-Royce Holding PLC in a report on Friday, September 15th. Kepler Capital Markets increased their price target on Rolls-Royce Holding PLC from GBX 570 ($7.49) to GBX 790 ($10.39) and gave the stock a “reduce” rating in a report on Wednesday, July 19th. Barclays PLC restated an “underweight” rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, July 18th. Credit Suisse Group restated an “underperform” rating and issued a GBX 665 ($8.74) price target on shares of Rolls-Royce Holding PLC in a report on Thursday, July 20th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 780 ($10.26) price target on shares of Rolls-Royce Holding PLC in a report on Thursday, June 22nd. Six analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 790.50 ($10.39).

The stock has a 50-day moving average price of GBX 901.53 and a 200-day moving average price of GBX 882.06. The stock’s market capitalization is GBX 16.67 billion.

The company also recently declared a dividend, which will be paid on Wednesday, January 3rd. Investors of record on Thursday, October 26th will be paid a dividend of GBX 4.60 ($0.06) per share. This represents a yield of 0.5%. The ex-dividend date is Thursday, October 26th.

In related news, insider Lee Hsien Yang acquired 108 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was purchased at an average cost of GBX 915 ($12.03) per share, with a total value of £988.20 ($1,299.24). Also, insider Beverly Goulet acquired 4,250 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of GBX 885 ($11.64) per share, with a total value of £37,612.50 ($49,451.09). Over the last ninety days, insiders have purchased 4,758 shares of company stock worth $4,222,630.

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