Rolls-Royce (RR) Trading Down 0.9%

Rolls-Royce Holding PLC (LON:RR) shares traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as GBX 852.17 ($11.47) and last traded at GBX 854 ($11.49). 2,917,908 shares were traded during mid-day trading, a decline of 30% from the average session volume of 4,140,000 shares. The stock had previously closed at GBX 862 ($11.60).

Several research analysts have issued reports on the company. Barclays raised their target price on Rolls-Royce from GBX 600 ($8.08) to GBX 670 ($9.02) and gave the stock an “underweight” rating in a research report on Wednesday, November 8th. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce in a research report on Thursday, November 9th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Rolls-Royce in a research report on Tuesday, October 24th. Deutsche Bank lowered their price objective on Rolls-Royce from GBX 570 ($7.67) to GBX 560 ($7.54) and set a “sell” rating on the stock in a research report on Thursday, August 31st. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 1,090 ($14.67) price objective on shares of Rolls-Royce in a research report on Friday, September 15th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 840.67 ($11.31).

In other Rolls-Royce news, insider Stephen Daintith sold 55,509 shares of Rolls-Royce stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of GBX 961 ($12.93), for a total value of £533,441.49 ($717,956.24). Also, insider Lee Hsien Yang acquired 108 shares of Rolls-Royce stock in a transaction on Monday, October 9th. The stock was purchased at an average cost of GBX 915 ($12.31) per share, for a total transaction of £988.20 ($1,330.01). Insiders have purchased a total of 12,248 shares of company stock worth $10,214,897 in the last three months.

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