Tufan Erginbilgic Sells 3,516 Shares of Rolls-Royce Holdings plc (LON:RR) Stock

Rolls-Royce Holdings plc (LON:RR) insider Tufan Erginbilgic sold 3,516 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of GBX 1,303, for a total transaction of £45,813.48.

Tufan Erginbilgic also recently made the following trade(s):

• On Monday, April 27th, Tufan Erginbilgic sold 3,855 shares of Rolls-Royce Holdings plc stock. The shares were sold at an average price of GBX 1,137, for a total transaction of £43,831.35.
• On Monday, March 2nd, Tufan Erginbilgic sold 4,155 shares of Rolls-Royce Holdings plc stock. The shares were sold at an average price of GBX 1,314, for a total transaction of £54,596.70.

Rolls-Royce Holdings plc Price Performance

Rolls-Royce Holdings plc stock traded up GBX 17.40 during mid-day trading on Friday, reaching GBX 1,314.60. 15,138,362 shares of the company traded hands. Rolls-Royce Holdings plc has a fifty-two week low of GBX 196.45 and a fifty-two week high of GBX 537.20. The company has a market capitalization of £112.75 billion, a price-to-earnings ratio of 47.92, a price-to-earnings-growth ratio of 0.55 and a beta of 1.20. The firm’s fifty day moving average is GBX 1,203.77 and its two-hundred day moving average is GBX 1,200.90.

Rolls-Royce Holdings plc (LON:RR) last released its quarterly earnings data on Thursday, February 26th. The company reported GBX 29.55 earnings per share for the quarter. Rolls-Royce Holdings plc had a net margin of 27.54% and a return on equity of 227.54%. As a group, equities research analysts predict that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RR shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,530 price objective on shares of Rolls-Royce Holdings plc in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rolls-Royce Holdings plc from GBX 1,290 to GBX 1,550 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Berenberg Bank increased their price target on shares of Rolls-Royce Holdings plc from GBX 1,250 to GBX 1,270 and gave the stock a “hold” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Rolls-Royce Holdings plc from GBX 1,320 to GBX 1,500 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,390.20.

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. 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.