Rolls-Royce’s (RR) “Buy” Rating Reiterated at UBS Group

UBS Group reissued their buy rating on shares of Rolls-Royce (LON:RR) in a research note issued to investors on Tuesday, April 2nd, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 1,160 ($15.16) price objective on the stock, up from their prior price objective of GBX 1,130 ($14.77).

A number of other analysts also recently weighed in on the stock. Societe Generale reduced their price target on shares of Rolls-Royce from GBX 1,250 ($16.33) to GBX 1,235 ($16.14) and set a buy rating for the company in a report on Monday, March 11th. Deutsche Bank raised their price objective on shares of Rolls-Royce from GBX 900 ($11.76) to GBX 980 ($12.81) and gave the stock a hold rating in a report on Tuesday, December 4th. Goldman Sachs Group reaffirmed a buy rating and set a GBX 1,242 ($16.23) price objective (down from GBX 1,248 ($16.31)) on shares of Rolls-Royce in a report on Wednesday, January 9th. Morgan Stanley raised shares of Rolls-Royce to an overweight rating and raised their price objective for the stock from GBX 820 ($10.71) to GBX 1,100 ($14.37) in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of GBX 1,051.73 ($13.74).

LON:RR traded down GBX 11 ($0.14) during midday trading on Tuesday, reaching GBX 916 ($11.97). The stock had a trading volume of 3,364,157 shares, compared to its average volume of 4,570,000. Rolls-Royce has a 1-year low of GBX 747 ($9.76) and a 1-year high of GBX 1,104.50 ($14.43). The firm has a market capitalization of $17.36 billion and a PE ratio of -7.09.

The business also recently disclosed a dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, April 25th will be given a GBX 7.10 ($0.09) dividend. This represents a yield of 0.72%. The ex-dividend date is Thursday, April 25th. This is a boost from Rolls-Royce’s previous dividend of $4.60. Rolls-Royce’s dividend payout ratio (DPR) is presently -0.09%.

In other Rolls-Royce news, insider Lee Hsien Yang purchased 110 shares of the stock in a transaction dated Thursday, March 7th. The stock was bought at an average price of GBX 897 ($11.72) per share, for a total transaction of £986.70 ($1,289.30). Also, insider Ian Davis acquired 216 shares of Rolls-Royce stock in a transaction that occurred on Monday, April 8th. The shares were purchased at an average cost of GBX 918 ($12.00) per share, for a total transaction of £1,982.88 ($2,590.98). Insiders acquired a total of 434 shares of company stock valued at $395,130 in the last 90 days.

Rolls-Royce Company Profile

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.

Recommended Story: Hedge Funds Explained

Analyst Recommendations for Rolls-Royce (LON:RR)

Receive News & Ratings for Rolls-Royce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce and related companies with's FREE daily email newsletter.