Rolls-Royce Holdings plc (LON:RR) Given New GBX 1,647 Price Target at Citigroup

Rolls-Royce Holdings plc (LON:RR) had its price target upped by Citigroup from GBX 1,101 to GBX 1,647 in a research report issued on Monday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 6.88% from the company’s current price.

RR has been the topic of several other reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,870 target price on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,325 price target on shares of Rolls-Royce Holdings plc in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,600 price target on shares of Rolls-Royce Holdings plc in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on Rolls-Royce Holdings plc from GBX 1,625 to GBX 1,800 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Finally, Berenberg Bank raised their price objective on Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the company a “buy” rating in a research note on Friday, June 12th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Rolls-Royce Holdings plc presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,612.

Rolls-Royce Holdings plc Stock Up 1.0%

RR stock opened at GBX 1,541 on Monday. The firm has a 50 day moving average of GBX 1,417.85 and a two-hundred day moving average of GBX 1,300.42. Rolls-Royce Holdings plc has a 12 month low of GBX 196.45 and a 12 month high of GBX 537.20. The company has a market capitalization of £132.16 billion, a price-to-earnings ratio of 56.17, a P/E/G ratio of 0.55 and a beta of 1.20.

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

Insiders Place Their Bets

In related news, insider Tufan Erginbilgic sold 3,516 shares of Rolls-Royce Holdings plc stock in a transaction on Thursday, May 28th. The shares were sold at an average price of GBX 1,303, for a total value of £45,813.48. Also, insider Wendy Mars bought 151 shares of the business’s stock in a transaction on Monday, June 8th. The shares were purchased at an average cost of GBX 1,213 per share, with a total value of £1,831.63. Insiders acquired a total of 4,749 shares of company stock worth $6,386,523 in the last ninety days. 0.04% of the stock is 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. 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.