Rolls-Royce (RR) Stock Price Down 0%

Rolls-Royce Holding PLC (LON:RR)’s share price dropped 0% on Thursday . The company traded as low as GBX 844 ($11.28) and last traded at GBX 846.50 ($11.32). Approximately 2,021,331 shares changed hands during trading, a decline of 46% from the average daily volume of 3,750,000 shares. The stock had previously closed at GBX 846.50 ($11.32).

RR has been the topic of a number of research reports. Citigroup reissued a “buy” rating and issued a GBX 1,090 ($14.57) price objective on shares of Rolls-Royce in a research note on Friday, September 15th. Credit Suisse Group reissued an “underperform” rating on shares of Rolls-Royce in a research note on Tuesday, October 24th. Barclays increased their price objective on shares of Rolls-Royce from GBX 600 ($8.02) to GBX 670 ($8.96) and gave the company an “underweight” rating in a research note on Wednesday, November 8th. Liberum Capital reissued a “hold” rating on shares of Rolls-Royce in a research note on Thursday, November 9th. Finally, Goldman Sachs Group reissued a “conviction-buy” rating and issued a GBX 1,208 ($16.15) price objective on shares of Rolls-Royce in a research note on Friday, November 24th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Rolls-Royce has an average rating of “Hold” and an average price target of GBX 840.67 ($11.24).

The stock has a market cap of $15,600.00 and a P/E ratio of -2,289.19.

In other news, insider Stephen Daintith sold 55,509 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of GBX 961 ($12.85), for a total transaction of £533,441.49 ($713,252.43). Also, insider Ian Davis acquired 11,922 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were bought at an average price of GBX 832 ($11.12) per share, for a total transaction of £99,191.04 ($132,626.07). Insiders have acquired a total of 12,248 shares of company stock worth $10,214,897 over the last ninety days.

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