Rolls-Royce Holdings plc (LON:RR) Price Target Raised to GBX 1,800

Rolls-Royce Holdings plc (LON:RR) had its price objective boosted by JPMorgan Chase & Co. from GBX 1,625 to GBX 1,800 in a report issued on Tuesday,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,870 price target on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. Berenberg Bank lifted their price objective on Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the company a “buy” rating in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reiterated 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. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,600 target price on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rolls-Royce Holdings plc presently has an average rating of “Moderate Buy” and an average target price of GBX 1,521.

Rolls-Royce Holdings plc Stock Down 2.0%

Shares of Rolls-Royce Holdings plc stock opened at GBX 1,533.40 on Tuesday. Rolls-Royce Holdings plc has a twelve month low of GBX 196.45 and a twelve month high of GBX 537.20. The company has a 50-day simple moving average of GBX 1,388.24 and a two-hundred day simple moving average of GBX 1,289. The stock has a market capitalization of £131.51 billion, a price-to-earnings ratio of 55.90, a price-to-earnings-growth ratio of 0.55 and a beta of 1.20.

Rolls-Royce Holdings plc (LON:RR) last posted its quarterly earnings data on Thursday, July 30th. The company reported GBX 22.17 earnings per share (EPS) for the quarter. Rolls-Royce Holdings plc had a net margin of 13.11% and a return on equity of 108.91%. On average, sell-side analysts anticipate that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current fiscal year.

Insider Activity at Rolls-Royce Holdings plc

In other news, insider Wendy Mars purchased 123 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average price of GBX 1,483 per share, with a total value of £1,824.09. Also, insider Angela Strank purchased 1,712 shares of Rolls-Royce Holdings plc stock in a transaction that occurred on Thursday, July 30th. The shares were purchased at an average price of GBX 1,449 per share, for a total transaction of £24,806.88. Insiders have purchased a total of 4,549 shares of company stock worth $6,078,970 in the last 90 days. Corporate insiders own 0.04% of the company’s stock.

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.