Rolls-Royce ups estimate to fix Boeing Dreamliner engines

Rolls-Royce ups estimate to fix Boeing Dreamliner engines

Rolls-Royce ups estimate to fix Boeing Dreamliner engines

The stock of ROLLS ROYCE HOLDINGS PLC ORDINARY SHARES (OTCMKTS:RYCEF) registered an increase of 4.53% in short interest. On Tuesday, October 24 the firm earned "Underperform" rating by Credit Suisse. In Friday, November 24 report Goldman Sachs maintained it with "Conviction Buy" rating and GBX 1208 target. Finally, Deutsche Bank AG boosted their target price on Rolls-Royce Holding PLC from GBX 474 ($5.92) to GBX 475 ($5.94) and gave the stock a "sell" rating in a research report on Monday, December 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Its up 4.53% from 4.16M shares, reported previously. Credit Suisse Group reaffirmed an "underperform" rating and set a GBX 595 ($7.44) target price on shares of Rolls-Royce Holding PLC in a research report on Thursday, November 17th.

Shares in Rolls, one of the biggest names in British manufacturing, were down 1.3 percent by 1251 GMT. In Thursday, March 8 report JP Morgan maintained the stock with "Neutral" rating. The stock presently has an average rating of Hold and a consensus target price of GBX 939.82 ($13.28).

RR stock traded down GBX 14.40 ($0.20) during trading on Monday, hitting GBX 866.80 ($12.25).

"We have an ongoing dialogue with both Boeing and Rolls-Royce and we have been told this problem has their full attention". Listed here are Rolls-Royce Holdings plc (LON:RR) PTs and latest ratings.

In related news, insider Lee Hsien Yang acquired 111 shares of the business's stock in a transaction that occurred on Monday, April 9th. Also, insider Kevin Smith purchased 377 shares of the firm's stock in a transaction dated Tuesday, February 7th. In the last quarter, insiders bought 714 shares of company stock valued at $626,300.

Air New Zealand is working closely with engine manufacturer Rolls-Royce on a global issue involving some of the Trent 1000 engines that power its Boeing 787-9 Dreamliner fleet. The company operates through Civil Aerospace, Defence Aerospace, Power Systems, Marine, and Nuclear segments.

That will lead to more disruption for its customers, with 380 of the engines in question now in service with airlines, with the firm adding that the new approach will not affect Trent 1000 Package B engines and Trent 1000-TEN engines.

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