Rolls-Royce Holding PLC (RR) Trading 2.5% Higher
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.
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About Rolls-Royce Holding PLC
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