Rolls-Royce Holdings plc (LON:RR) Price Target Raised to GBX 1,101 at Citigroup

Key Points

• Citigroup has raised its price target for Rolls-Royce Holdings plc from GBX 641 to GBX 1,101, indicating a potential upside of 4.02% at the current stock price, while maintaining a "neutral" rating.
• Other analysts have also increased their price targets, with Deutsche Bank setting a target of GBX 1,220 and JPMorgan Chase at GBX 1,245, leading to a consensus rating of "Moderate Buy" among investment analysts.
• Rolls-Royce's stock has shown performance variability, with a twelve month high of GBX 537.20 and a low of GBX 196.45, reflecting its overall market volatility.

Rolls-Royce Holdings plc (LON:RR - Get Free Report) had its price target upped by stock analysts at Citigroup from GBX 641 to GBX 1,101 in a research report issued on Friday, Marketbeat.com reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price target suggests a potential upside of 2.99% from the company's current price.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price target 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. JPMorgan Chase & Co. boosted their target price 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, Shore Capital reiterated a "hold" rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 1,188.67.

Rolls-Royce Holdings plc Trading Down 2.8%

LON RR traded down GBX 31 during trading on Friday, reaching GBX 1,069. The firm has a fifty day simple moving average of GBX 1,017.30 and a two-hundred day simple moving average of GBX 858.87. 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 company has a market capitalization of £91.68 billion, a P/E ratio of 38.97, a P/E/G ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR - Get Free Report) last issued its quarterly earnings data 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%. On average, equities research analysts anticipate that Rolls-Royce Holdings plc will post 8.5952 EPS for the current year.

Insider Buying and Selling

In related news, insider Helen McCabe sold 2,857 shares of the business's 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 7,694 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of GBX 1,047, for a total value of £80,556.18. Over the last ninety days, insiders purchased 6,075 shares of company stock valued at $5,945,621 and sold 27,782 shares valued at $27,877,412. 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.