Rolls-Royce Holdings plc (LON:RR) shares were up 0% on Tuesday . The stock traded as high as GBX 857.50 ($11.54) and last traded at GBX 845 ($11.37). Approximately 3,289,987 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 5,310,000 shares. The stock had previously closed at GBX 845 ($11.37).
Several research analysts recently weighed in on RR shares. Credit Suisse Group reiterated an “underperform” rating on shares of Rolls-Royce in a research report on Tuesday, October 24th. Liberum Capital reiterated a “hold” rating on shares of Rolls-Royce in a research report on Thursday, November 9th. Citigroup reiterated a “buy” rating and issued a GBX 1,090 ($14.67) price objective on shares of Rolls-Royce in a research report on Friday, September 15th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 950 ($12.79) price objective on shares of Rolls-Royce in a research report on Tuesday, November 28th. Finally, Berenberg Bank increased their price objective on Rolls-Royce from GBX 770 ($10.36) to GBX 990 ($13.32) and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 840.67 ($11.31).
In related news, insider Lee Hsien Yang acquired 101 shares of the stock in a transaction on Tuesday, November 7th. The stock was purchased at an average price of GBX 976 ($13.14) per share, for a total transaction of £985.76 ($1,326.73). Also, insider Stephen Daintith sold 55,509 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of GBX 961 ($12.93), for a total value of £533,441.49 ($717,956.24). Insiders acquired 4,459 shares of company stock valued at $3,958,646 in the last quarter.
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