Rolls-Royce (RR) Earns Buy Rating from Citigroup

Rolls-Royce (LON:RR)‘s stock had its “buy” rating reaffirmed by investment analysts at Citigroup in a research report issued on Monday, March 26th. They currently have a GBX 1,060 ($15.18) target price on the stock. Citigroup’s price objective points to a potential upside of 23.17% from the stock’s current price.

Several other research firms have also commented on RR. Societe Generale upgraded shares of Rolls-Royce to a “hold” rating and increased their price target for the company from GBX 725 ($10.38) to GBX 970 ($13.89) in a research report on Thursday, March 8th. Goldman Sachs reiterated a “conviction-buy” rating and issued a GBX 1,261 ($18.06) price target on shares of Rolls-Royce in a research report on Monday, February 12th. Liberum Capital reiterated a “hold” rating and issued a GBX 670 ($9.59) price target on shares of Rolls-Royce in a research report on Wednesday, December 13th. JPMorgan Chase reiterated a “neutral” rating and issued a GBX 970 ($13.89) price target on shares of Rolls-Royce in a research report on Thursday, March 8th. Finally, Deutsche Bank reiterated a “hold” rating and issued a GBX 818 ($11.71) price target on shares of Rolls-Royce in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 939.82 ($13.46).

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RR traded down GBX 17.20 ($0.25) on Monday, hitting GBX 860.60 ($12.32). 4,177,326 shares of the company were exchanged, compared to its average volume of 4,570,000. Rolls-Royce has a fifty-two week low of GBX 733.50 ($10.50) and a fifty-two week high of GBX 994.50 ($14.24).

In other news, insider Lee Hsien Yang bought 111 shares of the firm’s stock in a transaction that occurred on Monday, April 9th. The shares were purchased at an average price of GBX 883 ($12.64) per share, for a total transaction of £980.13 ($1,403.39). Also, insider Kevin Smith bought 319 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average price of GBX 829 ($11.87) per share, for a total transaction of £2,644.51 ($3,786.53). In the last 90 days, insiders have purchased 714 shares of company stock worth $626,300.

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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.

Analyst Recommendations for Rolls-Royce (LON:RR)

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