Rolls-Royce Holdings plc (LON:RR) Shares Down 2.8% - Here's What Happened

Key Points

• Rolls-Royce Holdings plc's stock declined by 2.8% to GBX 1,102.50 ($14.70), following a previous close of GBX 1,134.50 ($15.12).
• Equities analysts have provided mixed ratings, with Deutsche Bank raising its price target to GBX 1,220 and three analysts rating it as a "Buy," while three rated it as a "Hold."
• Recent insider trading activity includes the purchase of 170 shares by Wendy Mars, and the sale of 2,857 shares by Helen McCabe, indicating continued insider interest in the stock.

Rolls-Royce Holdings plc (LON:RR - Get Free Report)'s stock price traded down 2.8% on Thursday . The company traded as low as GBX 1,102.50 ($14.70) and last traded at GBX 1,102.50 ($14.70). 79,206,554 shares traded hands during mid-day trading, The stock had previously closed at GBX 1,134.50 ($15.12).

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased 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. Shore Capital restated a "hold" rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, July 31st. Berenberg Bank raised Rolls-Royce Holdings plc to a "hold" rating and raised their price target for the stock from GBX 240 to GBX 1,080 in a research note on Monday. Citigroup boosted their target price on Rolls-Royce Holdings plc from GBX 641 to GBX 1,101 and gave the stock a "neutral" rating in a report on Friday, August 29th. Finally, Morgan Stanley restated an "overweight" rating on shares of Rolls-Royce Holdings plc in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rolls-Royce Holdings plc presently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,161.50.

Rolls-Royce Holdings plc Stock Up 0.5%

The business has a 50-day simple moving average of GBX 1,114.88 and a two-hundred day simple moving average of GBX 958.74. The stock has a market capitalization of £95.07 billion, a P/E ratio of 40.41, a PEG ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported GBX 15.74 earnings per share 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, sell-side analysts forecast that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current year.

Insider Activity at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Wendy Mars bought 170 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were bought at an average price of GBX 1,074 per share, for a total transaction of £1,825.80. Also, insider Helen McCabe sold 2,857 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of GBX 1,047, for a total value of £29,912.79. In the last ninety days, insiders have purchased 5,863 shares of company stock valued at $6,572,462 and have sold 25,125 shares valued at $26,798,542. 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.

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