Rolls-Royce Holdings plc (LON:RR) Given New GBX 1,530 Price Target at Jefferies Financial Group

Rolls-Royce Holdings plc (LON:RR) had its price target reduced by Jefferies Financial Group from GBX 1,590 to GBX 1,530 in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other research analysts also recently weighed in on the stock. Berenberg Bank lifted their target price on shares of Rolls-Royce Holdings plc from GBX 1,080 to GBX 1,250 and gave the stock a “hold” rating in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Rolls-Royce Holdings plc from GBX 1,290 to GBX 1,550 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Rolls-Royce Holdings plc from GBX 1,320 to GBX 1,500 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,386.20.

Rolls-Royce Holdings plc Price Performance

Shares of RR opened at GBX 1,180.40 on Tuesday. The firm’s 50 day moving average is GBX 1,253.71 and its 200-day moving average is GBX 1,191.20. The stock has a market capitalization of £101.24 billion, a P/E ratio of 43.03, a P/E/G ratio of 0.55 and a beta of 1.23. Rolls-Royce Holdings plc has a 12-month low of GBX 196.45 and a 12-month high of GBX 537.20.

Rolls-Royce Holdings plc (LON:RR) last announced its quarterly earnings data on Thursday, February 26th. The company reported GBX 29.55 earnings per share (EPS) for the quarter. Rolls-Royce Holdings plc had a net margin of 27.54% and a return on equity of 227.54%. As a group, equities research analysts forecast that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Angela Strank bought 2,154 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were acquired at an average cost of GBX 1,382 per share, with a total value of £29,768.28. Also, insider Wendy Mars bought 152 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of GBX 1,203 per share, for a total transaction of £1,828.56. Over the last 90 days, insiders bought 2,665 shares of company stock valued at $3,614,109 and sold 135,679 shares valued at $157,528,662. 0.04% of the stock is currently owned by 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.