Goldman Sachs Group reaffirmed their buy rating on shares of Rolls-Royce (LON:RR) in a report issued on Wednesday. They currently have a GBX 1,242 ($16.23) target price on the stock, down from their previous target price of GBX 1,248 ($16.31).
Other equities analysts have also issued research reports about the company. Citigroup reissued a buy rating on shares of Rolls-Royce in a research report on Thursday, November 1st. UBS Group reissued a buy rating on shares of Rolls-Royce in a research report on Thursday, December 13th. Deutsche Bank boosted their target price on Rolls-Royce from GBX 900 ($11.76) to GBX 980 ($12.81) and gave the stock a hold rating in a research report on Tuesday, December 4th. Finally, Credit Suisse Group boosted their target price on Rolls-Royce from GBX 930 ($12.15) to GBX 960 ($12.54) and gave the stock a neutral rating in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 965.18 ($12.61).
Shares of LON:RR opened at GBX 871 ($11.38) on Wednesday. Rolls-Royce has a fifty-two week low of GBX 733.50 ($9.58) and a fifty-two week high of GBX 994.50 ($12.99).
In other news, insider Ruth Cairnie bought 239 shares of the stock in a transaction dated Monday, January 7th. The stock was purchased at an average cost of GBX 811 ($10.60) per share, for a total transaction of £1,938.29 ($2,532.72). Also, insider Frank Chapman bought 507 shares of the stock in a transaction dated Friday, December 7th. The shares were purchased at an average price of GBX 808 ($10.56) per share, with a total value of £4,096.56 ($5,352.88). Insiders acquired a total of 10,466 shares of company stock valued at $8,293,653 over the last 90 days.
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.
Recommended Story: Understanding Price to Earnings Ratio (PE)
Receive News & Ratings for Rolls-Royce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce and related companies with MarketBeat.com's FREE daily email newsletter.