Rolls-Royce Holdings plc (LON:RR) Shares Down 3.2% – Here’s Why

Rolls-Royce Holdings plc (LON:RR) shares traded down 3.2% on Monday. The stock traded as low as GBX 1,220 and last traded at GBX 1,239.40. 11,063,911 shares changed hands during mid-day trading, The stock had previously closed at GBX 1,280.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,325 price objective on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. Berenberg Bank increased their price objective on Rolls-Royce Holdings plc from GBX 1,430 to GBX 1,900 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Citigroup lifted their target price on Rolls-Royce Holdings plc from GBX 1,101 to GBX 1,647 and gave the company a “neutral” rating in a research note on Monday, August 17th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,600 target price on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,870 price target on shares of Rolls-Royce Holdings plc in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,690.33.

Rolls-Royce Holdings plc Price Performance

The stock has a market capitalization of £108.11 billion, a P/E ratio of 45.95, a PEG ratio of 0.55 and a beta of 1.20. The business’s 50 day simple moving average is GBX 1,410 and its 200-day simple moving average is GBX 1,334.02.

Insider Activity

In related news, insider Wendy Mars purchased 128 shares of Rolls-Royce Holdings plc stock in a transaction dated Wednesday, October 7th. The shares were acquired at an average cost of GBX 1,427 per share, for a total transaction of £1,826.56. Also, insider Angela Strank purchased 1,383 shares of Rolls-Royce Holdings plc stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of GBX 1,435 per share, for a total transaction of £19,846.05. Insiders have purchased a total of 8,912 shares of company stock valued at $12,764,246 in the last 90 days. 0.04% of the stock is owned by company insiders.

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. 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.