Insider Buying: Rolls-Royce Holdings plc (LON:RR) Insider Buys £1,097.42 in Stock

Rolls-Royce Holdings plc (LON:RR) insider Birgit Behrendt bought 74 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of GBX 1,483 per share, with a total value of £1,097.42.

Birgit Behrendt also recently made the following trade(s):

• On Monday, June 8th, Birgit Behrendt bought 91 shares of Rolls-Royce Holdings plc stock. The stock was bought at an average price of GBX 1,213 per share, for a total transaction of £1,103.83.
• On Friday, May 8th, Birgit Behrendt purchased 1,290 shares of Rolls-Royce Holdings plc stock. The stock was purchased at an average price of GBX 2,309 per share, with a total value of £29,786.10.

Rolls-Royce Holdings plc Trading Down 3.7%

Rolls-Royce Holdings plc stock traded down GBX 56.20 during midday trading on Wednesday, hitting GBX 1,447.80. The stock had a trading volume of 13,205,941 shares. The business has a fifty day moving average price of GBX 1,289.48 and a 200 day moving average price of GBX 1,254.38. 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 market cap of £124.17 billion, a P/E ratio of 52.78, a P/E/G ratio of 0.55 and a beta of 1.20.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RR shares. JPMorgan Chase & Co. raised their price objective on Rolls-Royce Holdings plc from GBX 1,500 to GBX 1,625 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Berenberg Bank increased their target price on shares of Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,530 price target on shares of Rolls-Royce Holdings plc in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,447.20.

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.