Rolls-Royce’s (RR) Buy Rating Reaffirmed at Citigroup

Citigroup restated their buy rating on shares of Rolls-Royce (LON:RR) in a report released on Friday.

RR has been the topic of several other research reports. Barclays upped their target price on Rolls-Royce from GBX 600 ($8.14) to GBX 670 ($9.09) and gave the company an underweight rating in a report on Wednesday, November 8th. Liberum Capital reissued a hold rating on shares of Rolls-Royce in a report on Thursday, November 9th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 970 ($13.15) target price on shares of Rolls-Royce in a report on Friday, January 5th. Goldman Sachs Group reissued a buy rating on shares of Rolls-Royce in a report on Monday, December 11th. Finally, Credit Suisse Group reissued an underperform rating on shares of Rolls-Royce in a report on Tuesday, October 24th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Rolls-Royce presently has a consensus rating of Hold and an average target price of GBX 859.42 ($11.65).

Rolls-Royce (LON:RR) traded up GBX 13.60 ($0.18) during trading hours on Friday, reaching GBX 860.80 ($11.67). The company’s stock had a trading volume of 3,990,000 shares, compared to its average volume of 3,390,000. The stock has a market capitalization of $15,840.00 and a PE ratio of -2,326.49. Rolls-Royce has a 1 year low of GBX 653.50 ($8.86) and a 1 year high of GBX 994.50 ($13.49).

In other Rolls-Royce news, insider Stephen Daintith sold 55,509 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of GBX 961 ($13.03), for a total value of £533,441.49 ($723,408.58). Also, insider Ruth Cairnie purchased 224 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was acquired at an average cost of GBX 866 ($11.74) per share, for a total transaction of £1,939.84 ($2,630.65). In the last ninety days, insiders have purchased 12,364 shares of company stock worth $10,310,061.

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