Deutsche Bank Aktiengesellschaft Increases Rolls-Royce Holdings plc (LON:RR) Price Target to GBX 1,220

Rolls-Royce Holdings plc (LON:RR) had its price objective lifted by analysts at Deutsche Bank Aktiengesellschaft from GBX 1,000 ($13.45) to GBX 1,220 ($16.41) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 13.28% from the company’s previous close.

A number of other research analysts have also recently weighed in on RR. Shore Capital restated a “hold” rating on shares of Rolls-Royce Holdings plc in a report on Thursday, July 31st. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,040 ($13.99) price objective on shares of Rolls-Royce Holdings plc in a report on Monday, July 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 893.75 ($12.02).

Rolls-Royce Holdings plc Price Performance

Shares of RR opened at GBX 1,077 ($14.49) on Thursday. Rolls-Royce Holdings plc has a 1-year low of GBX 196.45 ($2.64) and a 1-year high of GBX 537.20 ($7.23). The stock has a market cap of £92.37 billion, a PE ratio of 39.26, a P/E/G ratio of 0.55 and a beta of 1.82. The firm has a 50-day simple moving average of GBX 955.07 and a two-hundred day simple moving average of GBX 802.70.

Rolls-Royce Holdings plc (LON:RR) last announced its quarterly earnings results on Thursday, July 31st. The company reported GBX 15.74 ($0.21) earnings per share for the quarter. Rolls-Royce Holdings plc had a net margin of 13.08% and a negative return on equity of 78.08%. As a group, sell-side analysts expect that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current fiscal year.

Insider Buying and Selling at Rolls-Royce Holdings plc

In other news, insider Birgit Behrendt purchased 126 shares of the stock in a transaction on Monday, June 9th. The stock was bought at an average price of GBX 875 ($11.77) per share, for a total transaction of £1,102.50 ($1,482.85). Also, insider Angela Strank purchased 2,837 shares of the stock in a transaction on Friday, June 13th. The shares were purchased at an average price of GBX 874 ($11.76) per share, with a total value of £24,795.38 ($33,349.54). Over the last ninety days, insiders have bought 3,189 shares of company stock worth $2,787,555 and have sold 27,122 shares worth $25,316,993. Corporate insiders own 0.04% of the company’s stock.

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.