Rolls-Royce Holdings plc (LON:RR – Get Free Report) had its target price boosted by analysts at Citigroup from GBX 1,101 to GBX 1,647 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 6.88% from the stock’s current price.
A number of other brokerages also recently weighed in on RR. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,325 price target on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Berenberg Bank boosted their price objective 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. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,600 price objective on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,870 price objective on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Rolls-Royce Holdings plc from GBX 1,625 to GBX 1,800 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,612.
Read Our Latest Stock Report on RR
Rolls-Royce Holdings plc Stock Up 1.0%
Rolls-Royce Holdings plc (LON:RR – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 22.17 earnings per share (EPS) for the quarter. Rolls-Royce Holdings plc had a net margin of 13.11% and a return on equity of 108.91%. As a group, equities analysts predict that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.
Insider Buying and Selling at Rolls-Royce Holdings plc
In other Rolls-Royce Holdings plc news, insider Wendy Mars purchased 119 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of GBX 1,537 per share, for a total transaction of £1,829.03. Also, insider Helen McCabe sold 1,359 shares of Rolls-Royce Holdings plc stock in a transaction on Thursday, May 28th. The stock was sold at an average price of GBX 1,303, for a total transaction of £17,707.77. Insiders purchased a total of 4,749 shares of company stock valued at $6,386,523 in the last quarter. 0.04% of the stock is currently owned by corporate insiders.
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.
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