Rolls-Royce Holding PLC (RR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Rolls-Royce Holding PLC (LON:RR) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 934.88 ($12.22).

Several research firms have issued reports on RR. Citigroup reaffirmed a “buy” rating on shares of Rolls-Royce in a report on Thursday, November 1st. Credit Suisse Group lifted their price objective on shares of Rolls-Royce from GBX 930 ($12.15) to GBX 960 ($12.54) and gave the stock a “neutral” rating in a research report on Thursday, November 1st. Goldman Sachs Group lowered their price objective on shares of Rolls-Royce from GBX 1,266 ($16.54) to GBX 1,259 ($16.45) and set a “conviction-buy” rating on the stock in a research report on Monday, October 29th. UBS Group reiterated a “buy” rating on shares of Rolls-Royce in a research report on Monday, October 29th. Finally, Deutsche Bank lifted their price objective on shares of Rolls-Royce from GBX 880 ($11.50) to GBX 900 ($11.76) and gave the stock a “hold” rating in a research report on Friday, August 3rd.

In related news, insider Ruth Cairnie purchased 205 shares of the stock in a transaction dated Monday, October 8th. The shares were acquired at an average cost of GBX 947 ($12.37) per share, for a total transaction of £1,941.35 ($2,536.72). Also, insider Frank Chapman purchased 424 shares of the stock in a transaction dated Friday, September 7th. The shares were bought at an average price of GBX 965 ($12.61) per share, for a total transaction of £4,091.60 ($5,346.40). Over the last quarter, insiders have acquired 861 shares of company stock worth $797,943.

Shares of LON RR traded down GBX 17 ($0.22) during trading on Friday, hitting GBX 804.20 ($10.51). The company had a trading volume of 4,006,169 shares, compared to its average volume of 4,570,000. Rolls-Royce has a 52 week low of GBX 733.50 ($9.58) and a 52 week high of GBX 994.50 ($12.99).

About Rolls-Royce

Rolls-Royce Holdings plc, an engineering company, develops, manufactures, markets, and sells power and propulsion systems in the United Kingdom and internationally. The company's Civil Aerospace segment provides aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as aftermarket services.

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Analyst Recommendations for Rolls-Royce (LON:RR)

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