Bank of America restated their buy rating on shares of Rolls-Royce Holdings plc (LON:RR – Free Report) in a report issued on Monday, Digital Look reports. The firm currently has a GBX 675 ($8.88) price target on the stock.
Other equities analysts have also issued reports about the stock. Shore Capital reiterated a buy rating on shares of Rolls-Royce Holdings plc in a research note on Thursday, May 23rd. Jefferies Financial Group reissued a buy rating and issued a GBX 580 ($7.63) price objective on shares of Rolls-Royce Holdings plc in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Rolls-Royce Holdings plc from GBX 475 ($6.25) to GBX 535 ($7.03) and gave the company an overweight rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Rolls-Royce Holdings plc has a consensus rating of Moderate Buy and a consensus target price of GBX 468 ($6.15).
Check Out Our Latest Report on Rolls-Royce Holdings plc
Rolls-Royce Holdings plc Trading Down 6.5 %
Insider Buying and Selling at Rolls-Royce Holdings plc
In related news, insider Wendy Mars purchased 10,076 shares of Rolls-Royce Holdings plc stock in a transaction dated Wednesday, August 28th. The stock was bought at an average price of GBX 496 ($6.52) per share, for a total transaction of £49,976.96 ($65,715.92). In related news, insider Birgit Behrendt acquired 241 shares of the company’s stock in a transaction on Monday, July 8th. The stock was purchased at an average cost of GBX 455 ($5.98) per share, with a total value of £1,096.55 ($1,441.88). Also, insider Wendy Mars acquired 10,076 shares of the stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of GBX 496 ($6.52) per share, with a total value of £49,976.96 ($65,715.92). In the last three months, insiders have acquired 10,350 shares of company stock worth $5,122,333. 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.
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