Rolls-Royce Holdings plc's (RR) "Buy" Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its Buy rating on Rolls-Royce and set a GBX 2,000 price target, implying 48.96% upside from the prior close.
• Analyst sentiment is broadly positive: five analysts rate the shares Buy and one rates them Hold, giving the stock a Moderate Buy consensus and an average target of GBX 1,712.
• Company insiders bought 8,957 shares over the past quarter, although insiders collectively own just 0.04% of the company.

Rolls-Royce Holdings plc (LON:RR - Get Free Report)'s stock had its "buy" rating restated by Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 2,000 price target on the stock. Jefferies Financial Group's price target would suggest a potential upside of 48.96% from the stock's previous close.

Other analysts also recently issued reports about the stock. Deutsche Bank reissued a "buy" rating and issued a GBX 1,325 price target on shares of Rolls-Royce Holdings plc in a research note on Friday, July 31st. Berenberg Bank raised their price objective on Rolls-Royce Holdings plc from GBX 1,430 to GBX 1,900 and gave the company a "buy" rating in a research note on Tuesday, August 18th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 1,600 price objective on shares of Rolls-Royce Holdings plc in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on Rolls-Royce Holdings plc from GBX 1,625 to GBX 1,800 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Finally, Citigroup boosted their target price on Rolls-Royce Holdings plc from GBX 1,101 to GBX 1,647 and gave the company a "neutral" rating in a research note on Monday, August 17th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,712.

Rolls-Royce Holdings plc Stock Performance

Shares of RR stock traded up GBX 11.80 on Thursday, hitting GBX 1,342.60. 8,140,574 shares of the company's stock traded hands. Rolls-Royce Holdings plc has a one year low of GBX 196.45 and a one year high of GBX 537.20. The company's fifty day simple moving average is GBX 1,385.04 and its 200 day simple moving average is GBX 1,334.49. The stock has a market capitalization of £115.15 billion, a price-to-earnings ratio of 48.94, a P/E/G ratio of 0.55 and a beta of 1.20.

Insider Buying and Selling at Rolls-Royce Holdings plc

In other news, insider Wendy Mars acquired 144 shares of the stock in a transaction dated Monday, November 9th. The stock was purchased at an average cost of GBX 1,268 per share, with a total value of £1,825.92. Also, insider Birgit Behrendt bought 6,900 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of GBX 1,427 per share, with a total value of £98,463. Over the last quarter, insiders have bought 8,957 shares of company stock worth $12,767,567. 0.04% of the stock is currently owned by company insiders.

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. 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.

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