UBS Group Reaffirms Buy Rating for Rolls-Royce (RR)

UBS Group reissued their buy rating on shares of Rolls-Royce (LON:RR) in a research note issued to investors on Monday, investing.thisismoney.co.uk reports.

Several other analysts have also weighed in on RR. Deutsche Bank upped their target price on Rolls-Royce from GBX 880 ($11.50) to GBX 900 ($11.76) and gave the company a hold rating in a report on Friday, August 3rd. Citigroup reissued a buy rating on shares of Rolls-Royce in a report on Wednesday, September 5th. Finally, JPMorgan Chase & Co. lowered Rolls-Royce to an underweight rating and lowered their target price for the company from GBX 965 ($12.61) to GBX 840 ($10.98) in a report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 969.45 ($12.67).

Rolls-Royce stock opened at GBX 839 ($10.96) on Monday. Rolls-Royce has a fifty-two week low of GBX 733.50 ($9.58) and a fifty-two week high of GBX 994.50 ($12.99).



In related news, insider Lee Hsien Yang acquired 90 shares of Rolls-Royce stock in a transaction dated Tuesday, August 7th. The shares were acquired at an average cost of GBX 1,091 ($14.26) per share, for a total transaction of £981.90 ($1,283.03). Also, insider Frank Chapman acquired 424 shares of Rolls-Royce stock in a transaction dated Friday, September 7th. The stock was bought at an average price of GBX 965 ($12.61) per share, for a total transaction of £4,091.60 ($5,346.40). Insiders bought 8,769 shares of company stock worth $9,492,085 over the last 90 days.

About Rolls-Royce

Rolls-Royce Holdings plc, an engineering company, develops, manufactures, markets, and sells power and propulsion systems in the United Kingdom and internationally. The company's Civil Aerospace segment provides aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as aftermarket services.

Recommended Story: Preferred Stock

Analyst Recommendations for Rolls-Royce (LON:RR)

Receive News & Ratings for Rolls-Royce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply