Rolls-Royce Holdings plc (LON:RR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Rolls-Royce Holdings plc (LON:RR) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation 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 1,447.20.

Several brokerages recently issued reports on RR. Berenberg Bank upped their target price on Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the company a “buy” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Rolls-Royce Holdings plc from GBX 1,500 to GBX 1,625 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,530 price objective on shares of Rolls-Royce Holdings plc in a research report on Thursday, April 30th.

Rolls-Royce Holdings plc Trading Down 3.3%

Shares of RR opened at GBX 1,399.40 on Thursday. The firm has a market cap of £120.02 billion, a PE ratio of 51.01, 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 stock has a fifty day moving average price of GBX 1,295.84 and a 200-day moving average price of GBX 1,256.82.

Insider Buying and Selling at Rolls-Royce Holdings plc

In related news, insider Birgit Behrendt acquired 91 shares of the stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of GBX 1,213 per share, for a total transaction of £1,103.83. Also, insider Angela Strank acquired 2,373 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of GBX 1,255 per share, for a total transaction of £29,781.15. In the last three months, insiders have acquired 2,837 shares of company stock worth $3,598,282 and have sold 10,220 shares worth $12,429,390. 0.04% of the stock is owned by company 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.