Rolls-Royce Holdings plc (LON:RR) Insider Acquires £32,678.94 in Stock

Rolls-Royce Holdings plc (LON:RR) insider Tufan Erginbilgic bought 8,049 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was purchased at an average cost of GBX 406 ($5.01) per share, for a total transaction of £32,678.94 ($40,364.30).

Rolls-Royce Holdings plc Trading Down 2.7 %

LON RR traded down GBX 11.30 ($0.14) during trading on Friday, reaching GBX 405.70 ($5.01). The company’s stock had a trading volume of 28,316,568 shares. The stock has a market capitalization of £33.96 billion, a PE ratio of 1,398.97, a PEG ratio of 0.26 and a beta of 1.75. The business has a 50-day moving average price of GBX 392.35 and a 200-day moving average price of GBX 311.77. Rolls-Royce Holdings plc has a 1-year low of GBX 142.48 ($1.76) and a 1-year high of GBX 435 ($5.37).

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RR. Jefferies Financial Group reissued a “neutral” rating and issued a GBX 530 ($6.55) target price on shares of Rolls-Royce Holdings plc in a research report on Monday. Berenberg Bank reissued a “sell” rating and issued a GBX 240 ($2.96) target price on shares of Rolls-Royce Holdings plc in a research report on Thursday, February 22nd. JPMorgan Chase & Co. raised their price target on shares of Rolls-Royce Holdings plc from GBX 400 ($4.94) to GBX 475 ($5.87) and gave the stock an “overweight” rating in a report on Monday, February 26th. Finally, Shore Capital restated a “buy” rating on shares of Rolls-Royce Holdings plc in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 342.20 ($4.23).

About Rolls-Royce Holdings plc

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.