Rolls-Royce Holdings plc (LON:RR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Rolls-Royce Holdings plc (LON:RR) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,390.20.

A number of equities analysts have issued reports on RR shares. Berenberg Bank raised their target price on 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. JPMorgan Chase & Co. raised their target price on 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. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,530 target price on shares of Rolls-Royce Holdings plc in a report on Thursday, April 30th.

Rolls-Royce Holdings plc Stock Down 0.3%

Rolls-Royce Holdings plc stock opened at GBX 1,260 on Friday. The business’s 50-day simple moving average is GBX 1,214.27 and its 200 day simple moving average is GBX 1,206.50. The stock has a market cap of £108.06 billion, a price-to-earnings ratio of 45.93, 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.

Insiders Place Their Bets

In other Rolls-Royce Holdings plc news, insider Helen McCabe sold 1,359 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of GBX 1,303, for a total value of £17,707.77. Also, insider Birgit Behrendt bought 91 shares of the business’s stock in a transaction on Monday, March 9th. The stock was purchased at an average price of GBX 1,203 per share, for a total transaction of £1,094.73. In the last three months, insiders purchased 259 shares of company stock worth $324,169 and sold 133,395 shares worth $154,080,640. 0.04% of the stock is 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. 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.