Rolls-Royce Holdings plc (LON:RR) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Rolls-Royce Holdings plc (LON:RR) had its target price boosted by equities researchers at Berenberg Bank from GBX 1,080 to GBX 1,250 in a report released on Wednesday, Marketbeat.com reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective points to a potential downside of 8.29% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rolls-Royce Holdings plc from GBX 1,290 to GBX 1,550 and gave the company a “buy” rating in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Rolls-Royce Holdings plc presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,286.50.

Rolls-Royce Holdings plc Trading Up 4.6%

Shares of LON RR opened at GBX 1,363 on Wednesday. Rolls-Royce Holdings plc has a 12 month low of GBX 196.45 and a 12 month high of GBX 537.20. The stock has a 50 day moving average of GBX 1,256.60 and a 200-day moving average of GBX 1,162.77. The company has a market capitalization of £116.90 billion, a P/E ratio of 49.69, a P/E/G ratio of 0.55 and a beta of 1.17.

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

Insider Transactions at Rolls-Royce Holdings plc

In related news, insider Helen McCabe sold 1,927 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of GBX 1,164, for a total value of £22,430.28. Also, insider Angela Strank purchased 2,154 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were acquired at an average cost of GBX 1,382 per share, for a total transaction of £29,768.28. Over the last quarter, insiders have bought 2,922 shares of company stock worth $3,895,082 and have sold 19,417 shares worth $23,924,144. Company insiders own 0.04% of the company’s stock.

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.