Brokerages Set Rolls-Royce Holding PLC (RR) PT at $848.11

Rolls-Royce Holding PLC (LON:RR) has been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 889.40 ($12.29).

RR has been the subject of several recent research reports. Credit Suisse Group reissued an “underperform” rating on shares of Rolls-Royce in a report on Tuesday, October 24th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 1,208 ($16.69) price objective on shares of Rolls-Royce in a report on Friday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Rolls-Royce in a report on Friday, January 12th. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce in a report on Thursday, November 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 970 ($13.40) price objective on shares of Rolls-Royce in a report on Friday, January 5th.

In related news, insider Lee Hsien Yang bought 117 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of GBX 841 ($11.62) per share, for a total transaction of £983.97 ($1,359.45). Also, insider Ian Davis bought 11,922 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was bought at an average price of GBX 832 ($11.49) per share, for a total transaction of £99,191.04 ($137,042.06). In the last quarter, insiders bought 12,582 shares of company stock worth $10,475,936.

Shares of Rolls-Royce (LON RR) traded down GBX 6.60 ($0.09) during trading on Friday, hitting GBX 820.60 ($11.34). 4,706,865 shares of the company traded hands, compared to its average volume of 3,250,000. Rolls-Royce has a 12-month low of GBX 664 ($9.17) and a 12-month high of GBX 994.50 ($13.74). The stock has a market capitalization of $15,180.00 and a PE ratio of -2,217.84.

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About Rolls-Royce

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.

Analyst Recommendations for Rolls-Royce (LON:RR)

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