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

Shore Capital restated their buy rating on shares of Rolls-Royce Holdings plc (LON:RR) in a report issued on Thursday, MarketBeat.com reports.

RR has been the subject of several other reports. Jefferies Financial Group reaffirmed a neutral rating and set a GBX 530 ($6.74) target price on shares of Rolls-Royce Holdings plc in a research note on Monday, April 22nd. JPMorgan Chase & Co. raised their price objective on Rolls-Royce Holdings plc from GBX 400 ($5.08) to GBX 475 ($6.04) and gave the company an overweight rating in a research report on Monday, February 26th. Finally, Berenberg Bank reiterated a sell rating and issued a GBX 240 ($3.05) target price on shares of Rolls-Royce Holdings plc in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Rolls-Royce Holdings plc presently has an average rating of Hold and a consensus price target of GBX 342.20 ($4.35).

Rolls-Royce Holdings plc Stock Performance

Shares of RR opened at GBX 444.80 ($5.65) on Thursday. The stock has a market cap of £37.45 billion, a price-to-earnings ratio of 1,533.79, a P/E/G ratio of 0.52 and a beta of 1.77. The firm’s 50-day moving average is GBX 416.48 and its 200 day moving average is GBX 343.53.

Insiders Place Their Bets

In related news, insider Wendy Mars purchased 478 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were bought at an average price of GBX 381 ($4.84) per share, for a total transaction of £1,821.18 ($2,314.67). In other Rolls-Royce Holdings plc news, insider Tufan Erginbilgic bought 8,049 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were purchased at an average price of GBX 406 ($5.16) per share, with a total value of £32,678.94 ($41,533.99). Also, insider Wendy Mars purchased 478 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were acquired at an average cost of GBX 381 ($4.84) per share, with a total value of £1,821.18 ($2,314.67). 0.04% of the stock is currently owned by insiders.

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.