Rolls-Royce Holdings plc (LON:RR) Stock Price Up 1.6% – What’s Next?

Rolls-Royce Holdings plc (LON:RR)’s stock price traded up 1.6% during trading on Friday . The company traded as high as GBX 572.80 ($7.48) and last traded at GBX 569 ($7.43). 15,632,260 shares changed hands during trading, The stock had previously closed at GBX 560 ($7.31).

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 640 ($8.36) price target on shares of Rolls-Royce Holdings plc in a research report on Tuesday, September 3rd. Bank of America reiterated a “buy” rating and set a GBX 675 ($8.81) price objective on shares of Rolls-Royce Holdings plc in a research note on Monday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 555 ($7.25) price objective on shares of Rolls-Royce Holdings plc in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Rolls-Royce Holdings plc from GBX 475 ($6.20) to GBX 535 ($6.99) and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, Rolls-Royce Holdings plc currently has an average rating of “Moderate Buy” and an average price target of GBX 529 ($6.91).

Rolls-Royce Holdings plc Stock Down 0.3 %

The stock has a market capitalization of £48.23 billion, a price-to-earnings ratio of 2,032.14, a P/E/G ratio of 0.55 and a beta of 1.82. The business’s 50 day simple moving average is GBX 507.89 and its 200-day simple moving average is GBX 463.68.

Insiders Place Their Bets

In related news, insider Wendy Mars purchased 10,076 shares of Rolls-Royce Holdings plc stock in a transaction dated Wednesday, August 28th. The shares were bought at an average cost of GBX 496 ($6.48) per share, for a total transaction of £49,976.96 ($65,261.11). Corporate 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.