Shares of Rolls-Royce Holding PLC (LON:RR) traded up 2.5% during mid-day trading on Wednesday . The company traded as high as GBX 931.50 ($12.38) and last traded at GBX 930 ($12.36). 3,750,534 shares changed hands during trading, a decline of 10% from the average session volume of 4,155,500 shares. The stock had previously closed at GBX 907.50 ($12.06).

RR has been the topic of a number of research analyst reports. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 950 ($12.62) price target on shares of Rolls-Royce Holding PLC in a report on Monday, July 24th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 1,137 ($15.11) price target on shares of Rolls-Royce Holding PLC in a report on Friday, July 21st. Deutsche Bank AG decreased their price target on shares of Rolls-Royce Holding PLC from GBX 570 ($7.57) to GBX 560 ($7.44) and set a “sell” rating on the stock in a report on Thursday, August 31st. Berenberg Bank lifted their price target on shares of Rolls-Royce Holding PLC from GBX 770 ($10.23) to GBX 990 ($13.15) and gave the company a “hold” rating in a report on Wednesday, August 9th. Finally, Kepler Capital Markets lifted their price target on shares of Rolls-Royce Holding PLC from GBX 570 ($7.57) to GBX 790 ($10.50) and gave the company a “reduce” rating in a report on Wednesday, July 19th. Six research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 790.50 ($10.50).

The company’s 50-day moving average price is GBX 902.91 and its 200 day moving average price is GBX 887.98. The firm’s market cap is GBX 17.03 billion.

The firm also recently announced a dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Thursday, October 26th will be given a GBX 4.60 ($0.06) dividend. This represents a yield of 0.5%. The ex-dividend date is Thursday, October 26th.

In other Rolls-Royce Holding PLC news, insider Lee Hsien Yang bought 108 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was bought at an average cost of GBX 915 ($12.16) per share, with a total value of £988.20 ($1,313.05). Also, insider Beverly Goulet acquired 4,250 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of GBX 885 ($11.76) per share, with a total value of £37,612.50 ($49,976.75). Insiders acquired 4,758 shares of company stock valued at $4,222,630 over the last three months.

TRADEMARK VIOLATION NOTICE: “Rolls-Royce Holding PLC (RR) Trading 2.5% Higher” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/10/20/rolls-royce-holding-plc-rr-trading-2-5-higher.html.

About Rolls-Royce Holding PLC

Receive News & Stock Ratings for Rolls-Royce Holding PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holding PLC and related stocks with our FREE daily email newsletter.