Rolls-Royce considers marine business sale as it restructures again

Bugatti Chiron

Bugatti Chiron

In a report sent to investors and clients on today, Kepler Capital Markets kept their Reduce rating on Rolls-royce Holdings (LON:RR)'s stock. The average 12 month target price among brokers that have updated their coverage on the stock in the past year is GBX 819.44 ($11.11).

Rolls-Royce has said the restructuring will reduce costs and will aim to improve the performance of the whole group. Citigroup reiterated a "buy" rating on shares of Rolls-Royce in a report on Thursday. The PT would suggest a potential downside of -7.49% from Rolls-Royce Group PLC (LON:RR)'s last stock price. The firm has "Sell" rating given on Wednesday, June 29 by Deutsche Bank. About 1.28M shares traded. Goldman Sachs Group restated a "conviction-buy" rating and issued a GBX 1,208 ($16.38) target price on shares of Rolls-Royce in a research note on Friday, November 24th. The company was maintained on Monday, October 19 by Bernstein. The company was maintained on Monday, February 15 by Beaufort Securities. Liberum Capital maintained Rolls-Royce Holdings plc (LON:RR) rating on Friday, January 20. AlphaValue has "Add" rating and GBX 823 target. The firm has "Neutral" rating given on Tuesday, November 28 by JP Morgan.

Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. Barclays lifted their target price on Rolls-Royce from GBX 600 ($8.14) to GBX 670 ($9.09) and gave the company an underweight rating in a research report on Wednesday, November 8th. It has underperformed by 16.70% the S&P500. The firm has "Buy" rating given on Friday, March 3 by Berenberg. Also, insider Stephen Daintith sold 6,953 shares of the business's stock in a transaction that occurred on Tuesday, January 2nd.

Rolls-Royce Holdings plc (LON:RR) has 0.00% since January 19, 2017 and is. The fund is co-managed by Kayne Anderson Capital Advisors, L.P. It now has negative earnings.

Djokovic shrugs off injury scare to reach fourth round
Wawrinka never looked capable of winning his third-round match, losing 6-2, 6-1, 6-4 to American Tennys Sandgren . Sharapova , playing only her second grand slam since returning from her doping suspension, took it on the chin.

Its naval marine sector, which made a loss of £27m in 2016, will be consolidated into its defence business alongside its nuclear submarines operations while civil nuclear will be absorbed into its power systems. The Civil Aerospace segment provides commercial aero engines, such as airlines, business aviation, and helicopter engines for various sectors of the airline and corporate jet markets, as well as aftermarket services.

TRADEMARK VIOLATION NOTICE: "Liberum Capital Boosts Rolls-Royce (RR) Price Target to GBX 875" was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Latest News