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

Rolls-Royce Holdings plc (LON:RR) had its price objective raised by Berenberg Bank from GBX 1,250 to GBX 1,270 in a research note issued to investors on Monday,Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 4.12% from the stock’s current price.

A number of other research analysts also recently commented on RR. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Rolls-Royce Holdings plc from GBX 1,290 to GBX 1,550 and gave the company a “buy” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Rolls-Royce Holdings plc from GBX 1,320 to GBX 1,500 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,530 price objective on shares of Rolls-Royce Holdings plc in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,390.20.

Rolls-Royce Holdings plc Stock Performance

Shares of RR opened at GBX 1,219.80 on Monday. The company’s 50 day moving average price is GBX 1,228.74 and its 200 day moving average price is GBX 1,192.78. Rolls-Royce Holdings plc has a 52 week low of GBX 196.45 and a 52 week high of GBX 537.20. The company has a market capitalization of £104.62 billion, a PE ratio of 44.47, a PEG ratio of 0.55 and a beta of 1.20.

Rolls-Royce Holdings plc (LON:RR) last announced its quarterly earnings data on Thursday, February 26th. The company reported GBX 29.55 EPS for the quarter. Rolls-Royce Holdings plc had a net margin of 27.54% and a return on equity of 227.54%. On average, equities analysts forecast that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Helen McCabe sold 1,490 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of GBX 1,137, for a total value of £16,941.30. Also, insider Wendy Mars acquired 152 shares of Rolls-Royce Holdings plc stock in a transaction dated Monday, March 9th. The stock was purchased at an average price of GBX 1,203 per share, with a total value of £1,828.56. In the last three months, insiders acquired 2,413 shares of company stock valued at $3,300,997 and sold 134,282 shares valued at $155,299,783. Corporate insiders own 0.04% of the company’s stock.

Rolls-Royce Holdings plc Company Profile

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. The Defence segment is involved in the development, manufacture, marketing, and sale of military aero engines, naval engines, and submarine nuclear power plants, as well as offers aftermarket services.