Rolls-Royce says extra plane engine checks will drive up costs

Rolls-Royce says extra plane engine checks will drive up costs

As of 08:36 BST, Rolls-Royce's share price had given up 1.57 percent to 867.40p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.09 percent lower at 7,251.80 points. "Buy" rating has 2, "Sell" are 4, while 4 are "Hold". Citigroup restated a "buy" rating and issued a GBX 1,060 ($14.98) price target on shares of Rolls-Royce in a research report on Thursday, March 8th. The firm presently has an "underperform" rating on the stock. Deutsche Bank restated a hold rating and set a GBX 818 ($11.56) price objective on shares of Rolls-Royce in a report on Wednesday, February 7th.

The stock of ROLLS ROYCE HOLDINGS PLC ORDINARY SHARES (OTCMKTS:RYCEF) registered an increase of 4.53% in short interest. Finally, Goldman Sachs reiterated a "buy" rating on shares of Rolls-Royce in a research report on Monday, December 11th. On Friday, November 24 the firm has "Conviction Buy" rating by Goldman Sachs given.

The company also recently announced a dividend, which will be paid on Monday, July 2nd.

Rolls-Royce Holdings plc is a provider of an integrated power and propulsion solutions.

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

In other news, insider Lee Hsien Yang bought 111 shares of Rolls-Royce stock in a transaction dated Monday, April 9th. Also, insider Kevin Smith acquired 284 shares of the business's stock in a transaction that occurred on Wednesday, March 7th. Over the last ninety days, insiders acquired 1,025 shares of company stock worth $684,075.

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The company will shift spending priorities to mitigate the incremental cash costs, it said, adding that guidance for free cash flow remains unchanged.LONDON: Britain's Rolls-Royce needs to increase the number of inspections on its problematic Trent 1000 engines, it said on Friday, leading to additional disruption for customers and higher costs. The firm operates through Civil Aerospace, Defence Aerospace, Power Systems, Marine, and Nuclear divisions.3.79 is the P/E ratio.

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