Brokerages Set Rolls-Royce Holdings plc (LON:RR) Target Price at GBX 1,161.50

Shares of Rolls-Royce Holdings plc (LON:RR) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,161.50.

Several equities research analysts recently weighed in on RR shares. Morgan Stanley reiterated an “overweight” rating on shares of Rolls-Royce Holdings plc in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Rolls-Royce Holdings plc from GBX 1,000 to GBX 1,220 and gave the company a “buy” rating in a research note on Thursday, August 7th. Citigroup increased their target price on shares of Rolls-Royce Holdings plc from GBX 641 to GBX 1,101 and gave the company a “neutral” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Rolls-Royce Holdings plc from GBX 1,040 to GBX 1,245 and gave the company an “overweight” rating in a research note on Monday, August 11th. Finally, Shore Capital reiterated a “hold” rating on shares of Rolls-Royce Holdings plc in a research note on Thursday, July 31st.

Rolls-Royce Holdings plc Price Performance

RR stock opened at GBX 1,121 on Monday. Rolls-Royce Holdings plc has a 52-week low of GBX 196.45 and a 52-week high of GBX 537.20. The company has a 50-day moving average of GBX 1,115.02 and a two-hundred day moving average of GBX 962. The stock has a market capitalization of £96.14 billion, a price-to-earnings ratio of 40.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR) last released its quarterly earnings results on Thursday, July 31st. The company reported GBX 15.74 earnings per share (EPS) for the quarter. Rolls-Royce Holdings plc had a net margin of 13.08% and a negative return on equity of 78.08%. Equities analysts expect that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Insider Transactions at Rolls-Royce Holdings plc

In related news, insider Tufan Erginbilgic sold 7,763 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of GBX 985, for a total value of £76,465.55. Also, insider Birgit Behrendt purchased 102 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of GBX 1,074 per share, with a total value of £1,095.48. Over the last three months, insiders have acquired 5,863 shares of company stock valued at $6,572,462 and have sold 25,125 shares valued at $26,798,542. 0.04% of the stock is currently owned by company insiders.

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.