Rolls-Royce Holding PLC (RR) Receives GBX 799.77 Average Target Price from Brokerages
Shares of Rolls-Royce Holding PLC (LON:RR) have been assigned an average rating of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 799.77 ($10.51).
RR has been the topic of several recent research reports. Berenberg Bank lifted their target price on shares of Rolls-Royce Holding PLC from GBX 770 ($10.12) to GBX 990 ($13.02) and gave the company a “hold” rating in a report on Wednesday, August 9th. Liberum Capital restated a “hold” rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 1st. Barclays PLC reduced their target price on shares of Rolls-Royce Holding PLC from GBX 600 ($7.89) to GBX 480 ($6.31) and set an “underweight” rating on the stock in a report on Monday, August 7th. Deutsche Bank AG reduced their target price on shares of Rolls-Royce Holding PLC from GBX 570 ($7.49) to GBX 560 ($7.36) and set a “sell” rating on the stock in a report on Thursday, August 31st. Finally, Citigroup Inc. restated a “buy” rating and set a GBX 1,137 ($14.95) target price on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 1st.
Rolls-Royce Holding PLC (RR) traded down 0.82% on Friday, reaching GBX 912.00. The company’s stock had a trading volume of 2,256,139 shares. The firm has a 50 day moving average price of GBX 901.28 and a 200 day moving average price of GBX 880.97. The stock’s market capitalization is GBX 16.73 billion. Rolls-Royce Holding PLC has a 52 week low of GBX 635.00 and a 52 week high of GBX 994.50.
The business also recently announced a dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Thursday, October 26th will be given a GBX 4.60 ($0.06) dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Thursday, October 26th.
In related news, insider Lee Hsien Yang bought 108 shares of the company’s stock in a transaction dated Monday, October 9th. The stock was bought at an average price of GBX 915 ($12.03) per share, with a total value of £988.20 ($1,299.24). Also, insider Kevin Smith bought 298 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was bought at an average cost of GBX 886 ($11.65) per share, with a total value of £2,640.28 ($3,471.31). Insiders bought a total of 4,758 shares of company stock valued at $4,222,630 in the last three months.
About Rolls-Royce Holding PLC
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