Rolls-Royce Holding PLC (LON:RR) Earns “Buy” Rating from Citigroup

Citigroup reissued their buy rating on shares of Rolls-Royce Holding PLC (LON:RR) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports.

Several other analysts have also commented on RR. JPMorgan Chase & Co. raised their price target on shares of Rolls-Royce Holding PLC from GBX 475 ($6.25) to GBX 485 ($6.38) and gave the company an underweight rating in a research report on Wednesday, February 5th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 1,170 ($15.39) price objective on shares of Rolls-Royce Holding PLC in a report on Tuesday, January 28th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,100 ($14.47) price objective on shares of Rolls-Royce Holding PLC in a report on Friday, January 10th. UBS Group reaffirmed a buy rating and set a GBX 938 ($12.34) price objective (down from GBX 950 ($12.50)) on shares of Rolls-Royce Holding PLC in a report on Tuesday, December 10th. Finally, Investec raised shares of Rolls-Royce Holding PLC to a hold rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 920.78 ($12.11).

RR stock opened at GBX 667.40 ($8.78) on Tuesday. The firm has a market cap of $12.89 billion and a PE ratio of -5.33. The firm’s fifty day moving average is GBX 677.11 and its 200 day moving average is GBX 734.53. Rolls-Royce Holding PLC has a one year low of GBX 619.74 ($8.15) and a one year high of GBX 1,003.50 ($13.20).

In related news, insider Lee Hsien Yang acquired 146 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were acquired at an average cost of GBX 672 ($8.84) per share, with a total value of £981.12 ($1,290.61). Also, insider Ruth Cairnie purchased 271 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of GBX 716 ($9.42) per share, for a total transaction of £1,940.36 ($2,552.43). Over the last ninety days, insiders have acquired 703 shares of company stock worth $490,346.

About Rolls-Royce Holding PLC

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.

Featured Story: Trading Penny Stocks

Analyst Recommendations for Rolls-Royce Holding PLC (LON:RR)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.