Rolls-Royce Holdings plc's (RR) "Overweight" Rating Reaffirmed at Morgan Stanley

Key Points

• Morgan Stanley has restated its "overweight" rating on Rolls-Royce Holdings plc, indicating strong confidence in the company's stock performance.
• Analysts from JPMorgan Chase & Co. and Deutsche Bank Aktiengesellschaft have also raised their target prices for Rolls-Royce stock, suggesting a positive outlook within the investment community.
• The current average target price for Rolls-Royce Holdings plc is GBX 1,188.67, reflecting a consensus of "Moderate Buy" from multiple equities research analysts.

Morgan Stanley reaffirmed their overweight rating on shares of Rolls-Royce Holdings plc (LON:RR - Free Report) in a research report released on Friday, MarketBeat reports.

A number of other equities research analysts have also weighed in on RR. Citigroup boosted their target price on shares of Rolls-Royce Holdings plc from GBX 641 to GBX 1,101 and gave the company a "neutral" rating in a research note on Friday, August 29th. Shore Capital reiterated a "hold" rating on shares of Rolls-Royce Holdings plc in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Rolls-Royce Holdings plc from GBX 1,040 to GBX 1,245 and gave the company an "overweight" rating in a research note on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Rolls-Royce Holdings plc from GBX 1,000 to GBX 1,220 and gave the company a "buy" rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,188.67.

Rolls-Royce Holdings plc Stock Up 0.6%

RR traded up GBX 6 during mid-day trading on Friday, reaching GBX 1,075.50. 16,481,972 shares of the company traded hands. The stock has a market capitalization of £92.24 billion, a P/E ratio of 39.21, a P/E/G ratio of 0.55 and a beta of 1.82. The company's fifty day moving average price is GBX 1,026.52 and its 200-day moving average price is GBX 869.59. Rolls-Royce Holdings plc has a 52-week low of GBX 196.45 and a 52-week high of GBX 537.20.

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

Insider Activity at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Birgit Behrendt acquired 126 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average cost of GBX 875 per share, with a total value of £1,102.50. Also, insider Wendy Mars acquired 209 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average cost of GBX 875 per share, for a total transaction of £1,828.75. Over the last quarter, insiders bought 6,075 shares of company stock valued at $5,945,621 and sold 27,782 shares valued at $27,877,412. 0.04% of the stock is owned by corporate 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.