Rolls-Royce Holdings plc (LON:RR) Earns Buy Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Rolls-Royce Holdings plc (LON:RR) in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Rolls-Royce Holdings plc from GBX 475 ($6.18) to GBX 535 ($6.96) and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Bank of America reiterated a “buy” rating and issued a GBX 675 ($8.79) price objective on shares of Rolls-Royce Holdings plc in a report on Monday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 555 ($7.22) price objective on shares of Rolls-Royce Holdings plc in a report on Tuesday, September 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 640 ($8.33) price objective on shares of Rolls-Royce Holdings plc in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 553 ($7.20).

Rolls-Royce Holdings plc Trading Up 0.1 %

LON RR opened at GBX 553.20 ($7.20) on Thursday. Rolls-Royce Holdings plc has a 52 week low of GBX 196.45 ($2.56) and a 52 week high of GBX 537.20 ($6.99). The stock has a market cap of £47.02 billion, a price-to-earnings ratio of 1,975.71, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. The company has a 50-day moving average price of GBX 526.22 and a two-hundred day moving average price of GBX 479.35.

Insider Activity at Rolls-Royce Holdings plc

In other news, insider Wendy Mars purchased 10,076 shares of Rolls-Royce Holdings plc stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average price of GBX 496 ($6.46) per share, for a total transaction of £49,976.96 ($65,057.22). Company insiders own 0.04% of the company’s stock.

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.