Rolls-Royce Holding PLC (LON:RR) has been given an average rating of “Hold” by the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 1,015.44 ($13.27).
RR has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Rolls-Royce to an “overweight” rating and raised their price objective for the stock from GBX 820 ($10.71) to GBX 1,100 ($14.37) in a report on Monday, March 18th. Citigroup reissued a “buy” rating on shares of Rolls-Royce in a report on Monday. Goldman Sachs Group raised their price objective on shares of Rolls-Royce from GBX 1,242 ($16.23) to GBX 1,284 ($16.78) and gave the stock a “conviction-buy” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Rolls-Royce in a report on Thursday, January 24th. Finally, UBS Group restated a “buy” rating on shares of Rolls-Royce in a research report on Friday, March 1st.
LON:RR traded down GBX 9.80 ($0.13) during mid-day trading on Wednesday, hitting GBX 889 ($11.62). The stock had a trading volume of 3,760,073 shares, compared to its average volume of 4,570,000. Rolls-Royce has a twelve month low of GBX 747 ($9.76) and a twelve month high of GBX 1,104.50 ($14.43). The stock has a market cap of $16.85 billion and a price-to-earnings ratio of -6.88.
The firm also recently announced a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, April 25th will be given a dividend of GBX 7.10 ($0.09) per share. The ex-dividend date is Thursday, April 25th. This is a positive change from Rolls-Royce’s previous dividend of $4.60. This represents a dividend yield of 0.72%. Rolls-Royce’s dividend payout ratio (DPR) is -0.09%.
In other news, insider Ian Davis acquired 216 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were purchased at an average cost of GBX 918 ($12.00) per share, for a total transaction of £1,982.88 ($2,590.98). Also, insider Lee Hsien Yang acquired 110 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was purchased at an average price of GBX 897 ($11.72) per share, for a total transaction of £986.70 ($1,289.30). Over the last 90 days, insiders have bought 434 shares of company stock worth $395,130.
Rolls-Royce Company Profile
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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