Rolls-Royce Holdings plc (LON:RR) Price Target Raised to GBX 1,647

Rolls-Royce Holdings plc (LON:RR) had its price target hoisted by Citigroup from GBX 1,101 to GBX 1,647 in a research report sent to investors on Monday, Marketbeat reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also issued reports on RR. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,325 target price on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,870 price target on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Berenberg Bank increased their price target on Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the stock a “buy” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their price objective on Rolls-Royce Holdings plc from GBX 1,625 to GBX 1,800 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,600 price objective on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Rolls-Royce Holdings plc presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,690.33.

Rolls-Royce Holdings plc Price Performance

Rolls-Royce Holdings plc stock opened at GBX 1,537.80 on Monday. Rolls-Royce Holdings plc has a 12-month low of GBX 196.45 and a 12-month high of GBX 537.20. The stock has a market capitalization of £131.89 billion, a P/E ratio of 56.06, a P/E/G ratio of 0.55 and a beta of 1.20. The firm’s 50-day moving average is GBX 1,435.82 and its two-hundred day moving average is GBX 1,307.17.

Rolls-Royce Holdings plc (LON:RR) last issued its quarterly earnings results on Thursday, July 30th. The company reported GBX 22.17 EPS for the quarter. Rolls-Royce Holdings plc had a net margin of 13.11% and a return on equity of 108.91%. As a group, analysts forecast that Rolls-Royce Holdings plc will post 8.5952 EPS for the current year.

Insider Buying and Selling at Rolls-Royce Holdings plc

In related news, insider Angela Strank bought 2,373 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of GBX 1,255 per share, for a total transaction of £29,781.15. Also, insider Tufan Erginbilgic sold 3,516 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of GBX 1,303, for a total transaction of £45,813.48. Over the last 90 days, insiders bought 4,749 shares of company stock worth $6,386,523. 0.04% of the stock is currently owned by insiders.

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services. The Defence segment is involved in the development, manufacture, marketing, and sale of military aero engines, naval engines, and submarine nuclear power plants, as well as offers aftermarket services.