Rolls-Royce Holdings plc (LON:RR) Price Target Raised to GBX 1,900 at Berenberg Bank

Rolls-Royce Holdings plc (LON:RR) had its target price hoisted by Berenberg Bank from GBX 1,430 to GBX 1,900 in a report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 21.50% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,325 price objective on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,600 price objective on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Citigroup boosted their target price on shares of Rolls-Royce Holdings plc from GBX 1,101 to GBX 1,647 and gave the stock a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on shares of Rolls-Royce Holdings plc from GBX 1,625 to GBX 1,800 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,870 price target on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,690.33.

Rolls-Royce Holdings plc Price Performance

Shares of RR stock opened at GBX 1,563.80 on Tuesday. The stock has a market capitalization of £134.12 billion, a PE ratio of 57.01, a PEG ratio of 0.55 and a beta of 1.20. The business’s 50 day simple moving average is GBX 1,423.47 and its 200 day simple moving average is GBX 1,302.57. Rolls-Royce Holdings plc has a one year low of GBX 196.45 and a one year high of GBX 537.20.

Rolls-Royce Holdings plc (LON:RR) last released its earnings results on Thursday, July 30th. The company reported GBX 22.17 EPS for the quarter. Rolls-Royce Holdings plc had a return on equity of 108.91% and a net margin of 13.11%. As a group, research analysts expect that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current year.

Insider Activity at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Tufan Erginbilgic sold 3,516 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of GBX 1,303, for a total value of £45,813.48. Also, insider Wendy Mars bought 119 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of GBX 1,537 per share, for a total transaction of £1,829.03. Insiders purchased a total of 4,749 shares of company stock worth $6,386,523 in the last 90 days. 0.04% of the stock is owned by company 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. The Defence segment is involved in the development, manufacture, marketing, and sale of military aero engines, naval engines, and submarine nuclear power plants, as well as offers aftermarket services.