Berenberg Bank Upgrades Rolls-Royce Holdings plc (LON:RR) to "Hold"

Key Points

• Berenberg Bank has upgraded Rolls-Royce Holdings plc to a "hold" rating with a new price target of GBX 1,080, indicating a potential downside of 2.09% from its current price.
• Multiple analysts have recently adjusted their price targets for Rolls-Royce, with Citigroup raising theirs to GBX 1,101 and Deutsche Bank to GBX 1,220, reflecting mixed investor sentiment.
• Rolls-Royce Holdings plc experienced a stock decline of 3.2%, trading at GBX 1,103, while maintaining a market capitalization of £94.60 billion.

Rolls-Royce Holdings plc (LON:RR - Get Free Report) was upgraded by research analysts at Berenberg Bank to a "hold" rating in a note issued to investors on Monday,London Stock Exchange reports. The firm currently has a GBX 1,080 price objective on the stock, up from their prior price objective of GBX 240. Berenberg Bank's price target indicates a potential downside of 2.09% from the company's current price.

A number of other equities research analysts have also commented on the company. Citigroup raised 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. Shore Capital reissued a "hold" rating on shares of Rolls-Royce Holdings plc in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on Rolls-Royce Holdings plc from GBX 1,000 to GBX 1,220 and gave the stock a "buy" rating in a research report on Thursday, August 7th. 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 report on Monday, August 11th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Rolls-Royce Holdings plc in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of GBX 1,161.50.

Rolls-Royce Holdings plc Stock Down 3.2%

LON RR traded down GBX 37 during trading hours on Monday, hitting GBX 1,103. The company had a trading volume of 19,034,356 shares. Rolls-Royce Holdings plc has a fifty-two week low of GBX 196.45 and a fifty-two week high of GBX 537.20. The business has a fifty day simple moving average of GBX 1,112.05 and a 200-day simple moving average of GBX 950.73. The firm has a market cap of £94.60 billion, a P/E ratio of 40.21, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 15.74 EPS for the quarter. Rolls-Royce Holdings plc had a negative return on equity of 78.08% and a net margin of 13.08%. Equities analysts forecast that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Insider Buying and Selling at Rolls-Royce Holdings plc

In related news, insider Helen McCabe sold 2,857 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of GBX 1,047, for a total transaction of £29,912.79. Also, insider Tufan Erginbilgic sold 7,763 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of GBX 985, for a total value of £76,465.55. In the last 90 days, insiders purchased 5,863 shares of company stock valued at $6,572,462 and sold 25,125 shares valued at $26,798,542. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.