Citigroup Forecasts Strong Price Appreciation for Rolls-Royce Holdings plc (LON:RR) Stock

Key Points

• Citigroup has raised the price target for Rolls-Royce Holdings plc from GBX 641 ($8.62) to GBX 1,101 ($14.80), maintaining a "neutral" rating on the stock.
• Other analysts like Deutsche Bank and JPMorgan Chase have also increased their price targets to GBX 1,220 ($16.40) and GBX 1,245 ($16.74), respectively, with the latter giving an "overweight" rating.
• Currently, Rolls-Royce has an average rating of "Moderate Buy" among analysts, with a consensus price target of GBX 976.20 ($13.12).

Rolls-Royce Holdings plc (LON:RR - Get Free Report) had its price objective increased by equities research analysts at Citigroup from GBX 641 ($8.70) to GBX 1,101 ($14.95) in a report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 0.96% from the stock's current price.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Rolls-Royce Holdings plc from GBX 1,000 ($13.58) to GBX 1,220 ($16.57) and gave the company a "buy" rating in a research note on Thursday, August 7th. Shore Capital restated a "hold" rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on Rolls-Royce Holdings plc from GBX 1,040 ($14.12) to GBX 1,245 ($16.91) and gave the company an "overweight" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 976.20 ($13.26).

Rolls-Royce Holdings plc Stock Up 0.8%

LON:RR traded up GBX 8.50 ($0.12) during trading hours on Monday, hitting GBX 1,090.50 ($14.81). The company has a market capitalization of £93.53 billion, a price-to-earnings ratio of 39.75, a P/E/G ratio of 0.55 and a beta of 1.82. Rolls-Royce Holdings plc has a 52 week low of GBX 196.45 ($2.67) and a 52 week high of GBX 537.20 ($7.29). The business's fifty day simple moving average is GBX 967.36 and its 200 day simple moving average is GBX 812.60.

Rolls-Royce Holdings plc (LON:RR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported GBX 15.74 ($0.21) 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%. On average, equities analysts predict that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Insider Transactions at Rolls-Royce Holdings plc

In related news, insider Wendy Mars acquired 188 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of GBX 969 ($13.16) per share, for a total transaction of £1,821.72 ($2,473.82). Also, insider Angela Strank acquired 2,837 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was bought at an average price of GBX 874 ($11.87) per share, for a total transaction of £24,795.38 ($33,671.08). Over the last ninety days, insiders have acquired 3,377 shares of company stock worth $2,969,727 and have sold 27,122 shares worth $25,316,993. 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.