UBS Group reiterated their buy rating on shares of Rolls-Royce Holding PLC (LON:RR) in a research note issued to investors on Tuesday morning, Stock Target Advisor reports. The brokerage currently has a GBX 938 ($12.34) price objective on the stock, down from their prior price objective of GBX 950 ($12.50).
Several other equities analysts have also recently issued reports on the company. Morgan Stanley cut Rolls-Royce Holding PLC to an equal weight rating and dropped their price target for the company from GBX 925 ($12.17) to GBX 800 ($10.52) in a research report on Wednesday, November 27th. Investec raised Rolls-Royce Holding PLC to a hold rating in a research report on Monday, October 14th. Credit Suisse Group lowered their target price on Rolls-Royce Holding PLC from GBX 1,200 ($15.79) to GBX 1,070 ($14.08) and set an outperform rating on the stock in a research note on Wednesday, November 13th. Goldman Sachs Group dropped their target price on Rolls-Royce Holding PLC from GBX 1,196 ($15.73) to GBX 1,143 ($15.04) and set a conviction-buy rating on the stock in a report on Monday, November 11th. Finally, Citigroup restated a buy rating on shares of Rolls-Royce Holding PLC in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 907.29 ($11.93).
Shares of RR opened at GBX 704.58 ($9.27) on Tuesday. Rolls-Royce Holding PLC has a fifty-two week low of GBX 682.40 ($8.98) and a fifty-two week high of GBX 1,003.50 ($13.20). The firm has a 50-day simple moving average of GBX 726.99 and a 200-day simple moving average of GBX 799.39. The company has a market capitalization of $13.52 billion and a price-to-earnings ratio of -5.62.
In related news, insider Ruth Cairnie bought 271 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of GBX 716 ($9.42) per share, for a total transaction of £1,940.36 ($2,552.43). Also, insider Lee Hsien Yang bought 129 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were bought at an average price of GBX 764 ($10.05) per share, for a total transaction of £985.56 ($1,296.45). In the last 90 days, insiders purchased 535 shares of company stock valued at $391,142.
About Rolls-Royce Holding PLC
Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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