Liberum Capital Reaffirms Hold Rating for Rolls-Royce (RR)

Cornelia Mascio
Mag 3, 2018

Shares in Rolls-Royce Holdings (LON:RR) have fallen into the red in London this morning even as the company reiterated its profit and cash expectations for the current year. The company now has a consensus rating of "Hold" and a consensus target price of GBX 939.82 ($13.11).

The 17 analysts offering 12-month price targets for Rolls-Royce for the Financial Times have a median target of 900.00p on the shares, with a high estimate of 1,272.00p and a low estimate of 400.00p.

A number of other equities analysts also recently issued reports on the company. Goldman Sachs reissued a conviction-buy rating on shares of Rolls-Royce in a research report on Friday, April 6th. Societe Generale raised Rolls-Royce to a "hold" rating and raised their price target for the company from GBX 725 ($10.11) to GBX 970 ($13.53) in a report on Thursday, March 8th.

As of 08:30 BST, Rolls-Royce's share price had lost 0.91 percent to 829.20p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.09 percent lower at 7,536.58 points. Finally, Deutsche Bank reissued a hold rating and issued a GBX 818 ($11.41) target price on shares of Rolls-Royce in a research report on Wednesday, February 7th. Also, insider Kevin Smith acquired 284 shares of Rolls-Royce stock in a transaction on Wednesday, March 7th. 3,171,365 shares of the company's stock were exchanged, compared to its average volume of 4,570,000.

In related news, insider Lee Hsien Yang acquired 111 shares of Rolls-Royce stock in a transaction on Monday, April 9th. This represents a yield of 0.79%. The ex-dividend date of this dividend is Thursday, April 26th. The ex-dividend date of this dividend is Thursday, April 26th. The shares were purchased at an average price of GBX 883 ($12.32) per share, with a total value of £980.13 ($1,366.99). The stock was bought at an average cost of GBX 929 ($12.96) per share, for a total transaction of £2,638.36 ($3,679.72).

Preliminary findings from an investigation into Air New Zealand Dreamliner engine incidents late previous year have found they relate to global problems known to Roll-Royce but that occurred earlier than predicted. In the last 90 days, insiders have bought 714 shares of company stock valued at $626,300.

The national carrier is working with engine manufacturer Rolls-Royce on an issue involving Trent 1000 engines. The company's Civil Aerospace segment provides aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as aftermarket services.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE