Brokerages Set Rolls-Royce Holdings plc (LON:RR) Price Target at GBX 529

Rolls-Royce Holdings plc (LON:RR) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 529 ($6.87).

A number of equities analysts have weighed in on RR shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 640 ($8.31) target price on shares of Rolls-Royce Holdings plc in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price objective on shares of Rolls-Royce Holdings plc from GBX 475 ($6.17) to GBX 535 ($6.95) and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Bank of America reissued a “buy” rating and set a GBX 675 ($8.76) target price on shares of Rolls-Royce Holdings plc in a report on Monday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 555 ($7.21) price target on shares of Rolls-Royce Holdings plc in a report on Tuesday, September 3rd.

Insider Buying and Selling

In other news, insider Wendy Mars purchased 10,076 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was purchased at an average cost of GBX 496 ($6.44) per share, with a total value of £49,976.96 ($64,888.29). 0.04% of the stock is currently owned by insiders.

Rolls-Royce Holdings plc Stock Performance

Shares of RR opened at GBX 561.40 ($7.29) on Tuesday. Rolls-Royce Holdings plc has a fifty-two week low of GBX 196.45 ($2.55) and a fifty-two week high of GBX 537.20 ($6.97). The business has a 50-day moving average of GBX 513.77 and a 200 day moving average of GBX 467.63. The firm has a market cap of £47.72 billion, a P/E ratio of 2,005.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82.

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.