Rolls-Royce Holdings plc (LON:RR) Receives GBX 529 Average Target Price from Analysts

Shares of Rolls-Royce Holdings plc (LON:RR) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 529 ($6.87).

RR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 555 ($7.21) target price on shares of Rolls-Royce Holdings plc in a research report on Tuesday, September 3rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 640 ($8.31) target price on shares of Rolls-Royce Holdings plc in a report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price target on Rolls-Royce Holdings plc from GBX 475 ($6.17) to GBX 535 ($6.95) and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Finally, Bank of America reissued a “buy” rating and issued a GBX 675 ($8.76) price objective on shares of Rolls-Royce Holdings plc in a research note on Monday, September 2nd.

Rolls-Royce Holdings plc Price Performance

RR opened at GBX 561.40 ($7.29) on Tuesday. Rolls-Royce Holdings plc has a fifty-two week low of GBX 196.45 ($2.55) and a fifty-two week high of GBX 537.20 ($6.97). The company’s 50 day moving average price is GBX 513.77 and its two-hundred day moving average price is GBX 467.63. The firm has a market capitalization of £47.72 billion, a price-to-earnings ratio of 2,005.00, a PEG ratio of 0.55 and a beta of 1.82.

Insider Transactions at Rolls-Royce Holdings plc

In other news, insider Wendy Mars acquired 10,076 shares of Rolls-Royce Holdings plc stock in a transaction on Wednesday, August 28th. The stock was acquired at an average cost of GBX 496 ($6.44) per share, with a total value of £49,976.96 ($64,888.29). Company insiders own 0.04% of the company’s stock.

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.