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

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 target price increased by equities research analysts at Citigroup from GBX 641 to GBX 1,101 in a research note issued on Friday, MarketBeat reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price suggests a potential upside of 2.90% from the stock's current price.

RR has been the topic of several other reports. Shore Capital reissued a "hold" rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Rolls-Royce Holdings plc from GBX 1,000 to GBX 1,220 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Rolls-Royce Holdings plc from GBX 1,040 to GBX 1,245 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 976.20.

Rolls-Royce Holdings plc Stock Performance

LON:RR traded up GBX 11.50 during trading hours on Friday, reaching GBX 1,070. The company's stock had a trading volume of 51,639,298 shares. The stock has a 50 day moving average price of GBX 1,009.39 and a two-hundred day moving average price of GBX 854.07. The company has a market capitalization of £91.77 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 15.74 earnings per share (EPS) for the quarter. Rolls-Royce Holdings plc had a negative return on equity of 78.08% and a net margin of 13.08%. As a group, analysts predict that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Birgit Behrendt bought 126 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of GBX 875 per share, for a total transaction of £1,102.50. Also, insider Angela Strank bought 2,837 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average price of GBX 874 per share, with a total value of £24,795.38. Over the last quarter, insiders have acquired 6,075 shares of company stock valued at $5,945,621 and have sold 27,782 shares valued at $27,877,412. 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.