Rolls-Royce Holding PLC (LON:RR) insider Ruth Cairnie acquired 213 shares of Rolls-Royce stock in a transaction on Friday, June 7th. The stock was acquired at an average cost of GBX 910 ($11.89) per share, for a total transaction of £1,938.30 ($2,532.73).
Shares of RR opened at GBX 893.60 ($11.68) on Thursday. Rolls-Royce Holding PLC has a 12-month low of GBX 747 ($9.76) and a 12-month high of GBX 1,104.50 ($14.43). The firm has a market cap of $16.93 billion and a PE ratio of -6.92.
A number of equities analysts have commented on RR shares. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Rolls-Royce in a research note on Tuesday, April 16th. Citigroup reissued a “buy” rating on shares of Rolls-Royce in a research note on Monday, April 8th. Morgan Stanley raised Rolls-Royce to an “overweight” rating and boosted their price objective for the stock from GBX 820 ($10.71) to GBX 1,100 ($14.37) in a research note on Monday, March 18th. Goldman Sachs Group boosted their price objective on Rolls-Royce from GBX 1,242 ($16.23) to GBX 1,284 ($16.78) and gave the stock a “conviction-buy” rating in a research note on Wednesday, March 6th. Finally, UBS Group reaffirmed a “buy” rating on shares of Rolls-Royce in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,089.40 ($14.23).
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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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