Rolls-Royce to increase inspections of Trent 1000 engines


On Tuesday, October 24 the stock of Rolls-Royce Holdings plc (LON:RR) has "Underperform" rating given by Credit Suisse. "Buy" rating has 2, "Sell" are 4, while 4 are "Hold".

Shares in Rolls, one of the biggest names in British manufacturing, were down 1 per cent at 1053 GMT. On Thursday, March 8 the firm earned "Buy" rating by Citigroup. On Wednesday, March 7 the stock of Rolls-Royce Holdings plc (LON:RR) has "Hold" rating given by Liberum Capital.

Rolls-Royce Holding PLC (LON:RR) was upgraded by equities research analysts at Goldman Sachs Group, Inc. On Friday, January 12 Liberum Capital maintained Rolls-Royce Holdings plc (LON:RR) with "Hold" rating.

WARNING: "Rolls-Royce (RR) Stock Rating Reaffirmed by Goldman Sachs" was posted by The Lincolnian Online and is the property of of The Lincolnian Online. Kepler Capital Markets reiterated a "reduce" rating and set a GBX 815 ($11.52) target price on shares of Rolls-Royce in a research report on Thursday, January 18th.

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

"We have an ongoing dialogue with both Boeing and Rolls-Royce and we have been told this problem has their full attention".

RR stock traded down GBX 14.40 ($0.20) during trading on Monday, hitting GBX 866.80 ($12.25). The ex-dividend date is Thursday, April 26th. This is an increase from Rolls-Royce's previous dividend of $4.60. The stock was purchased at an average price of GBX 883 ($12.48) per share, for a total transaction of £980.13 ($1,385.34). In the last quarter, insiders bought 714 shares of company stock valued at $626,300. If you are viewing this article on another site, it was illegally copied and reposted in violation of USA & global trademark & copyright laws.

Rolls-Royce today warned it would require more money and more inspections to fix problems with Trent 1000 engines on Boeing 787 Dreamliner planes, leading to further disruption for airlines. The Company operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses.

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.