Credit Suisse Group reissued their underperform rating on shares of Rolls-Royce (LON:RR) in a report published on Tuesday. Credit Suisse Group currently has a GBX 785 ($11.02) price target on the stock.
RR has been the subject of several other research reports. Liberum Capital raised their price target on shares of Rolls-Royce from GBX 670 ($9.40) to GBX 875 ($12.28) and gave the company a hold rating in a research report on Friday, January 12th. Goldman Sachs reissued a buy rating on shares of Rolls-Royce in a research report on Monday, December 11th. Deutsche Bank reissued a hold rating and set a GBX 818 ($11.48) price target on shares of Rolls-Royce in a research report on Wednesday, February 7th. Citigroup restated a buy rating on shares of Rolls-Royce in a report on Friday, January 12th. Finally, JPMorgan Chase restated a neutral rating and issued a GBX 970 ($13.62) target price on shares of Rolls-Royce in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 937.73 ($13.16).
Shares of RR opened at GBX 868 ($12.18) on Tuesday. Rolls-Royce has a twelve month low of GBX 733.50 ($10.30) and a twelve month high of GBX 994.50 ($13.96).
The business also recently announced a dividend, which will be paid on Monday, July 2nd. Investors of record on Thursday, April 26th will be issued a GBX 7.10 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, April 26th. This represents a yield of 0.79%. This is a boost from Rolls-Royce’s previous dividend of $4.60.
In other Rolls-Royce news, insider Kevin Smith purchased 319 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average price of GBX 829 ($11.64) per share, for a total transaction of £2,644.51 ($3,712.11). Also, insider Ruth Cairnie purchased 224 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were acquired at an average price of GBX 866 ($12.16) per share, for a total transaction of £1,939.84 ($2,722.96). Insiders purchased 827 shares of company stock worth $722,271 in the last 90 days.
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Rolls-Royce Company Profile
Rolls-Royce Holdings plc, an engineering company, develops, manufactures, markets, and sells power and propulsion systems in the United Kingdom and internationally. The company operates through Civil Aerospace, Defence Aerospace, Power Systems, Marine, and Nuclear segments. The Civil Aerospace segment provides commercial aero engines, such as airlines, business aviation, and helicopter engines for various sectors of the airline and corporate jet markets, as well as aftermarket services.
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