Rolls-Royce Holding PLC (RR) Stock Price Up 0.9% After Insider Buying Activity
Shares of Rolls-Royce Holding PLC (LON:RR) rose 0.9% during trading on Friday following insider buying activity. The company traded as high as GBX 895 ($11.56) and last traded at GBX 892 ($11.52). Approximately 2,673,651 shares traded hands during trading, a decline of 37% from the average daily volume of 4,211,010 shares. The stock had previously closed at GBX 884 ($11.42).
Specifically, insider Kevin Smith bought 298 shares of the stock in a transaction dated Thursday, September 7th. The shares were acquired at an average cost of GBX 886 ($11.44) per share, for a total transaction of £2,640.28 ($3,409.89). Also, insider Lee Hsien Yang bought 102 shares of the stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of GBX 966 ($12.48) per share, for a total transaction of £985.32 ($1,272.53). Over the last 90 days, insiders have bought 507 shares of company stock worth $460,893.
RR has been the topic of a number of analyst reports. Deutsche Bank AG lowered their price objective on shares of Rolls-Royce Holding PLC from GBX 540 ($6.97) to GBX 525 ($6.78) and set a “sell” rating on the stock in a research report on Thursday, May 18th. Kepler Capital Markets lifted their price objective on shares of Rolls-Royce Holding PLC from GBX 570 ($7.36) to GBX 790 ($10.20) and gave the company a “reduce” rating in a research report on Wednesday, July 19th. Berenberg Bank reiterated a “hold” rating and issued a GBX 770 ($9.94) price objective on shares of Rolls-Royce Holding PLC in a research report on Tuesday, May 23rd. Barclays PLC reiterated an “underweight” rating on shares of Rolls-Royce Holding PLC in a research report on Tuesday, July 18th. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a GBX 665 ($8.59) price objective on shares of Rolls-Royce Holding PLC in a research report on Thursday, July 20th. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 774.27 ($10.00).
The stock’s market capitalization is GBX 16.36 billion. The stock has a 50-day moving average of GBX 918.70 and a 200-day moving average of GBX 858.44.
The firm also recently declared a dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Thursday, October 26th will be paid a GBX 4.60 ($0.06) dividend. The ex-dividend date is Thursday, October 26th. This represents a dividend yield of 0.5%.
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About Rolls-Royce Holding PLC
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