Rolls-Royce Holdings plc (LON:RR) Stock Rating Reaffirmed by Shore Capital

Rolls-Royce Holdings plc (LON:RR – Get Rating)‘s stock had its “buy” rating reissued by Shore Capital in a research report issued on Wednesday, Marketbeat.com reports.

A number of other brokerages also recently issued reports on RR. Royal Bank of Canada reaffirmed an “underweight” rating and set a GBX 70 ($0.85) price target on shares of Rolls-Royce Holdings plc in a report on Monday, February 6th. Berenberg Bank reiterated a “hold” rating and issued a GBX 100 ($1.22) price objective on shares of Rolls-Royce Holdings plc in a research note on Friday, February 24th. UBS Group upgraded shares of Rolls-Royce Holdings plc to a “buy” rating and increased their price objective for the stock from GBX 105 ($1.28) to GBX 200 ($2.44) in a research note on Tuesday, March 7th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 70 ($0.85) price objective on shares of Rolls-Royce Holdings plc in a research note on Thursday, March 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 110 ($1.34).

Rolls-Royce Holdings plc Trading Up 1.5 %

Shares of LON RR opened at GBX 146.30 ($1.78) on Wednesday. The stock has a market cap of £12.25 billion, a PE ratio of -960.93, a P/E/G ratio of 0.27 and a beta of 1.66. Rolls-Royce Holdings plc has a 52-week low of GBX 64.44 ($0.79) and a 52-week high of GBX 239.70 ($2.92).

Insiders Place Their Bets

In other news, insider Panos Kakoullis bought 8,011 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were bought at an average price of GBX 145 ($1.77) per share, for a total transaction of £11,615.95 ($14,157.16). 0.10% of the stock is owned by company insiders.