Rolls-Royce Holdings plc (LON:RR – Get Free Report) had its price target upped by research analysts at Berenberg Bank from GBX 1,430 to GBX 1,900 in a report released on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 21.50% from the company’s previous close.
RR has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on shares of Rolls-Royce Holdings plc from GBX 1,625 to GBX 1,800 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,600 price objective on shares of Rolls-Royce Holdings plc in a research note on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,870 price objective on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,325 target price on shares of Rolls-Royce Holdings plc in a research note on Friday, July 31st. Finally, Citigroup boosted their price target on Rolls-Royce Holdings plc from GBX 1,101 to GBX 1,647 and gave the stock a “neutral” rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,690.33.
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Rolls-Royce Holdings plc Trading Up 1.5%
Rolls-Royce Holdings plc (LON:RR – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported GBX 22.17 earnings per share for the quarter. Rolls-Royce Holdings plc had a net margin of 13.11% and a return on equity of 108.91%. Research analysts forecast that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Rolls-Royce Holdings plc news, insider Tufan Erginbilgic sold 3,516 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of GBX 1,303, for a total transaction of £45,813.48. Also, insider Wendy Mars bought 119 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of GBX 1,537 per share, with a total value of £1,829.03. Insiders have purchased a total of 4,749 shares of company stock valued at $6,386,523 over the last ninety days. 0.04% of the stock is owned by 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.
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