Rolls-Royce’s (RR) “Hold” Rating Reaffirmed at Liberum Capital
Liberum Capital reaffirmed their hold rating on shares of Rolls-Royce (LON:RR) in a research note issued to investors on Wednesday morning. They currently have a GBX 670 ($9.02) target price on the stock.
Several other brokerages have also recently issued reports on RR. Barclays lifted their target price on Rolls-Royce from GBX 600 ($8.08) to GBX 670 ($9.02) and gave the stock an underweight rating in a report on Wednesday, November 8th. Credit Suisse Group reaffirmed an underperform rating on shares of Rolls-Royce in a report on Tuesday, October 24th. Deutsche Bank reduced their target price on Rolls-Royce from GBX 570 ($7.67) to GBX 560 ($7.54) and set a sell rating on the stock in a report on Thursday, August 31st. Citigroup reaffirmed a buy rating and issued a GBX 1,090 ($14.67) target price on shares of Rolls-Royce in a report on Friday, September 15th. Finally, Goldman Sachs Group reaffirmed a conviction-buy rating and issued a GBX 1,208 ($16.26) target price on shares of Rolls-Royce in a report on Friday, November 24th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 840.67 ($11.31).
Shares of Rolls-Royce (RR) opened at GBX 831 ($11.18) on Wednesday. Rolls-Royce has a twelve month low of GBX 635 ($8.55) and a twelve month high of GBX 994.50 ($13.38).
In other Rolls-Royce news, insider Ian Davis bought 11,922 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was acquired at an average price of GBX 832 ($11.20) per share, for a total transaction of £99,191.04 ($133,500.73). Also, insider Lee Hsien Yang bought 101 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were acquired at an average price of GBX 976 ($13.14) per share, with a total value of £985.76 ($1,326.73). Insiders have acquired 12,248 shares of company stock worth $10,214,897 over the last three months.
Rolls-Royce Company Profile
Receive News & Ratings for Rolls-Royce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce and related companies with MarketBeat.com's FREE daily email newsletter.