Rolls-Royce Holdings plc (LON:RR) Insider Tufan Erginbilgic Sells 6,811 Shares of Stock

Rolls-Royce Holdings plc (LON:RR) insider Tufan Erginbilgic sold 6,811 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of GBX 1,190, for a total value of £81,050.90.

Tufan Erginbilgic also recently made the following trade(s):

• On Tuesday, August 26th, Tufan Erginbilgic sold 7,694 shares of Rolls-Royce Holdings plc stock. The shares were sold at an average price of GBX 1,047, for a total value of £80,556.18.
• On Monday, July 28th, Tufan Erginbilgic sold 7,763 shares of Rolls-Royce Holdings plc stock. The shares were sold at an average price of GBX 985, for a total value of £76,465.55.

Rolls-Royce Holdings plc Price Performance

LON RR opened at GBX 1,190 on Thursday. The company has a market cap of £102.06 billion, a PE ratio of 43.38, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. The stock’s 50 day simple moving average is GBX 1,084.34 and its 200-day simple moving average is GBX 919.03. Rolls-Royce Holdings plc has a 1-year low of GBX 196.45 and a 1-year high of GBX 537.20.

Rolls-Royce Holdings plc (LON:RR) last released its earnings results on Thursday, July 31st. The company reported GBX 15.74 earnings per share for the quarter. Rolls-Royce Holdings plc had a negative return on equity of 78.08% and a net margin of 13.08%. On average, equities research analysts anticipate that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Rolls-Royce Holdings plc from GBX 1,000 to GBX 1,220 and gave the company a “buy” rating in a research report on Thursday, August 7th. Shore Capital reiterated a “hold” rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, July 31st. Morgan Stanley reiterated an “overweight” rating on shares of Rolls-Royce Holdings plc in a research report on Friday, September 5th. JPMorgan Chase & Co. lifted their price objective on Rolls-Royce Holdings plc from GBX 1,040 to GBX 1,245 and gave the stock an “overweight” rating in a research report on Monday, August 11th. Finally, Citigroup lifted their price objective on Rolls-Royce Holdings plc from GBX 641 to GBX 1,101 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,188.67.

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.