Rolls-Royce Holdings plc (LON:RR) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Rolls-Royce Holdings plc (LON:RR) in a report issued on Monday morning, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 580 ($7.36) price objective on the stock.

Other equities analysts have also recently issued research reports about the stock. Shore Capital reaffirmed a buy rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, May 23rd. JPMorgan Chase & Co. upped their price objective on Rolls-Royce Holdings plc from GBX 400 ($5.07) to GBX 475 ($6.03) and gave the company an overweight rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of GBX 401.25 ($5.09).

Rolls-Royce Holdings plc Stock Down 0.4 %

LON RR opened at GBX 471.30 ($5.98) on Monday. The company has a market cap of £39.68 billion, a P/E ratio of 1,631.72, a price-to-earnings-growth ratio of 0.52 and a beta of 1.77. The company’s 50 day moving average is GBX 435.05 and its two-hundred day moving average is GBX 375.13.

Insider Activity

In related news, insider Helen McCabe bought 2,838 shares of the stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of GBX 445 ($5.65) per share, with a total value of £12,629.10 ($16,020.68). In other news, insider Tufan Erginbilgic acquired 8,049 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average cost of GBX 406 ($5.15) per share, for a total transaction of £32,678.94 ($41,454.95). Also, insider Helen McCabe bought 2,838 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of GBX 445 ($5.65) per share, with a total value of £12,629.10 ($16,020.68). In the last three months, insiders acquired 10,920 shares of company stock valued at $4,545,786. 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.