Jefferies Financial Group reaffirmed their buy rating on shares of Rolls-Royce (LON:RR) in a research report report published on Thursday, February 28th. Jefferies Financial Group currently has a GBX 1,100 ($14.37) target price on the stock.
RR has been the subject of a number of other research reports. Deutsche Bank increased their target price on shares of 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. Goldman Sachs Group reiterated a buy rating and set a GBX 1,242 ($16.23) target price (down previously from GBX 1,248 ($16.31)) on shares of Rolls-Royce in a research report on Wednesday, January 9th. JPMorgan Chase & Co. cut their price objective on shares of Rolls-Royce from GBX 840 ($10.98) to GBX 700 ($9.15) and set an underweight rating for the company in a research report on Thursday, January 10th. Credit Suisse Group raised their price objective on shares of Rolls-Royce from GBX 930 ($12.15) to GBX 960 ($12.54) and gave the company a neutral rating in a research report on Thursday, November 1st. Finally, UBS Group restated a buy rating on shares of Rolls-Royce in a research report on Thursday, December 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 1,018.67 ($13.31).
LON:RR traded down GBX 9 ($0.12) on Thursday, reaching GBX 895 ($11.69). 4,144,186 shares of the company’s stock were exchanged, compared to its average volume of 4,570,000. The firm has a market capitalization of $16.88 billion and a PE ratio of -6.93. Rolls-Royce has a 52 week low of GBX 747 ($9.76) and a 52 week high of GBX 1,104.50 ($14.43).
The company also recently disclosed a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, April 25th will be given a GBX 7.10 ($0.09) dividend. This is a positive change from Rolls-Royce’s previous dividend of $4.60. This represents a dividend yield of 0.72%. The ex-dividend date is Thursday, April 25th. Rolls-Royce’s dividend payout ratio (DPR) is -0.09%.
In related news, insider Ruth Cairnie bought 239 shares of the stock in a transaction that occurred on Monday, January 7th. The shares were acquired at an average cost of GBX 811 ($10.60) per share, with a total value of £1,938.29 ($2,532.72). Also, insider Lee Hsien Yang bought 108 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was bought at an average cost of GBX 909 ($11.88) per share, for a total transaction of £981.72 ($1,282.79). Insiders bought 457 shares of company stock valued at $390,671 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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