Rolls-Royce (RR) Given New GBX 960 Price Target at Credit Suisse Group

Rolls-Royce (LON:RR) had its target price increased by Credit Suisse Group from GBX 930 ($12.15) to GBX 960 ($12.54) in a report published on Thursday morning. They currently have a neutral rating on the stock.

Several other brokerages have also issued reports on RR. Deutsche Bank lifted their price target on shares of Rolls-Royce from GBX 880 ($11.50) to GBX 900 ($11.76) and gave the company a hold rating in a research note on Friday, August 3rd. JPMorgan Chase & Co. lowered shares of Rolls-Royce to an underweight rating and lowered their price target for the company from GBX 965 ($12.61) to GBX 840 ($10.98) in a research note on Friday, August 10th. UBS Group reiterated a buy rating and issued a GBX 1,130 ($14.77) price target (up from GBX 1,090 ($14.24)) on shares of Rolls-Royce in a research note on Monday, July 9th. Citigroup restated a buy rating on shares of Rolls-Royce in a research note on Wednesday, September 5th. Finally, Goldman Sachs Group lowered their price objective on shares of Rolls-Royce from GBX 1,266 ($16.54) to GBX 1,259 ($16.45) and set a conviction-buy rating on the stock in a research note on Monday, October 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Rolls-Royce currently has a consensus rating of Hold and a consensus target price of GBX 972.18 ($12.70).

Shares of RR stock opened at GBX 833.20 ($10.89) on Thursday. Rolls-Royce has a 1 year low of GBX 733.50 ($9.58) and a 1 year high of GBX 994.50 ($12.99).

In related news, insider Lee Hsien Yang bought 90 shares of Rolls-Royce stock in a transaction that occurred on Tuesday, August 7th. The stock was acquired at an average price of GBX 1,091 ($14.26) per share, with a total value of £981.90 ($1,283.03). Also, insider Frank Chapman bought 424 shares of Rolls-Royce stock in a transaction that occurred on Friday, September 7th. The shares were bought at an average cost of GBX 965 ($12.61) per share, with a total value of £4,091.60 ($5,346.40). Insiders have bought a total of 719 shares of company stock worth $701,485 over the last 90 days.

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's Civil Aerospace segment provides aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as aftermarket services.

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