Rolls-Royce Holdings plc (LON:RR) Price Target Raised to GBX 1,900

Rolls-Royce Holdings plc (LON:RR) had its target price raised by Berenberg Bank from GBX 1,430 to GBX 1,900 in a research note issued to investors on Tuesday morning,Digital Look reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on RR. Citigroup upped their price objective on Rolls-Royce Holdings plc from GBX 1,101 to GBX 1,647 and gave the stock a “neutral” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,325 target price on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,600 price target on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Rolls-Royce Holdings plc from GBX 1,625 to GBX 1,800 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,870 price objective on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,690.33.

Rolls-Royce Holdings plc Trading Down 1.2%

LON:RR opened at GBX 1,519.40 on Tuesday. The company has a market capitalization of £130.31 billion, a P/E ratio of 55.39, a P/E/G ratio of 0.55 and a beta of 1.20. Rolls-Royce Holdings plc has a 12 month low of GBX 196.45 and a 12 month high of GBX 537.20. The business’s 50-day moving average is GBX 1,441.53 and its 200 day moving average is GBX 1,309.41.

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

Insider Buying and Selling at Rolls-Royce Holdings plc

In related news, insider Wendy Mars bought 119 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of GBX 1,537 per share, for a total transaction of £1,829.03. Also, insider Birgit Behrendt bought 72 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of GBX 1,537 per share, for a total transaction of £1,106.64. Over the last 90 days, insiders bought 4,749 shares of company stock valued at $6,386,523. 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.