Ruth Cairnie Acquires 213 Shares of Rolls-Royce Holding PLC (LON:RR) Stock

Rolls-Royce Holding PLC (LON:RR) insider Ruth Cairnie bought 213 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were bought at an average cost of GBX 910 ($11.89) per share, for a total transaction of £1,938.30 ($2,532.73).

LON RR opened at GBX 900.20 ($11.76) on Tuesday. Rolls-Royce Holding PLC has a fifty-two week low of GBX 747 ($9.76) and a fifty-two week high of GBX 1,104.50 ($14.43). The firm has a market cap of $17.07 billion and a price-to-earnings ratio of -6.97.

RR has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating and set a GBX 1,160 ($15.16) target price on shares of Rolls-Royce in a research note on Thursday, May 2nd. JPMorgan Chase & Co. decreased their target price on shares of Rolls-Royce from GBX 700 ($9.15) to GBX 650 ($8.49) and set an “underweight” rating on the stock in a research note on Tuesday, March 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,100 ($14.37) target price on shares of Rolls-Royce in a research note on Thursday, February 28th. Citigroup reaffirmed a “buy” rating on shares of Rolls-Royce in a research note on Thursday, May 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Rolls-Royce in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Rolls-Royce has an average rating of “Buy” and an average price target of GBX 1,089.40 ($14.23).

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About Rolls-Royce

Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

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