Citigroup Inc. restated their buy rating on shares of Rolls-Royce Holding PLC (LON:RR) in a report published on Friday morning. Citigroup Inc. currently has a GBX 1,090 ($14.70) target price on the stock.
Several other equities research analysts also recently commented on RR. Berenberg Bank upped their target price on Rolls-Royce Holding PLC from GBX 770 ($10.38) to GBX 990 ($13.35) and gave the company a hold rating in a report on Wednesday, August 9th. Liberum Capital reaffirmed a hold rating on shares of Rolls-Royce Holding PLC in a report on Tuesday, August 1st. Barclays PLC dropped their price target on Rolls-Royce Holding PLC from GBX 600 ($8.09) to GBX 480 ($6.47) and set an underweight rating on the stock in a research report on Monday, August 7th. Deutsche Bank AG dropped their price target on Rolls-Royce Holding PLC from GBX 570 ($7.69) to GBX 560 ($7.55) and set a sell rating on the stock in a research report on Thursday, August 31st. Finally, Jefferies Group LLC upped their price target on Rolls-Royce Holding PLC from GBX 900 ($12.13) to GBX 1,100 ($14.83) and gave the company a buy rating in a research report on Wednesday, July 5th. Seven investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 771.13 ($10.40).
Shares of Rolls-Royce Holding PLC (RR) opened at 889.50 on Friday. Rolls-Royce Holding PLC has a one year low of GBX 635.00 and a one year high of GBX 994.50. The firm’s market capitalization is GBX 16.31 billion. The company’s 50 day moving average price is GBX 914.01 and its 200 day moving average price is GBX 865.78.
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The company also recently announced a dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Thursday, October 26th will be given a GBX 4.60 ($0.06) dividend. This represents a yield of 0.5%. The ex-dividend date is Thursday, October 26th.
In other news, insider Beverly Goulet bought 4,250 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of GBX 885 ($11.93) per share, with a total value of £37,612.50 ($50,711.20). Also, insider Lee Hsien Yang bought 102 shares of the company’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of GBX 966 ($13.02) per share, for a total transaction of £985.32 ($1,328.46). Over the last ninety days, insiders acquired 4,757 shares of company stock worth $4,222,143.
About Rolls-Royce Holding PLC
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