Rolls-Royce (RR) Trading Up 0% After Insider Buying Activity

Shares of Rolls-Royce Holding PLC (LON:RR) were up 0% on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 871.20 ($11.81) and last traded at GBX 868.60 ($11.78). Approximately 3,806,145 shares traded hands during trading, an increase of 7% from the average daily volume of 3,550,000 shares. The stock had previously closed at GBX 868.60 ($11.78).

Specifically, insider Ian Davis purchased 11,922 shares of Rolls-Royce stock in a transaction on Tuesday, December 12th. The shares were bought at an average cost of GBX 832 ($11.28) per share, for a total transaction of £99,191.04 ($134,514.56). Also, insider Ruth Cairnie purchased 224 shares of Rolls-Royce stock in a transaction on Monday, January 8th. The stock was bought at an average price of GBX 866 ($11.74) per share, for a total transaction of £1,939.84 ($2,630.65). Over the last quarter, insiders acquired 12,364 shares of company stock worth $10,310,061.

RR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 970 ($13.15) price target on shares of Rolls-Royce in a research note on Friday, January 5th. Liberum Capital reaffirmed a “hold” rating and set a GBX 670 ($9.09) price target on shares of Rolls-Royce in a research note on Wednesday, December 13th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Rolls-Royce in a research note on Monday, December 11th. Barclays lifted their price target on shares of Rolls-Royce from GBX 600 ($8.14) to GBX 670 ($9.09) and gave the stock an “underweight” rating in a research note on Wednesday, November 8th. Finally, Credit Suisse Group reaffirmed an “underperform” rating on shares of Rolls-Royce in a research note on Tuesday, October 24th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 842.33 ($11.42).

The firm has a market cap of $15,950.00 and a PE ratio of -2,342.70.

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