Rolls-Royce Holdings plc’s (RR) “Buy” Rating Reiterated at Jefferies Financial Group

Rolls-Royce Holdings plc (LON:RR)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 2,000 price objective on the stock. Jefferies Financial Group‘s price target indicates a potential upside of 48.96% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,600 price target on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Citigroup boosted their price objective on shares of Rolls-Royce Holdings plc from GBX 1,101 to GBX 1,647 and gave the company a “neutral” rating in a research report on Monday, August 17th. Deutsche Bank restated a “buy” rating and issued a GBX 1,325 price objective on shares of Rolls-Royce Holdings plc in a report on Friday, July 31st. Berenberg Bank raised their target price on shares of Rolls-Royce Holdings plc from GBX 1,430 to GBX 1,900 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Rolls-Royce Holdings plc from GBX 1,625 to GBX 1,800 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,712.

Rolls-Royce Holdings plc Stock Performance

Shares of Rolls-Royce Holdings plc stock traded up GBX 11.80 during midday trading on Thursday, reaching GBX 1,342.60. 8,140,574 shares of the company’s stock traded hands. The company has a market cap of £115.15 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 0.55 and a beta of 1.20. The stock has a 50 day moving average of GBX 1,385.04 and a 200-day moving average of GBX 1,334.49. Rolls-Royce Holdings plc has a 12 month low of GBX 196.45 and a 12 month high of GBX 537.20.

Insider Activity

In other news, insider Angela Strank purchased 1,383 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average cost of GBX 1,435 per share, for a total transaction of £19,846.05. Also, insider Wendy Mars purchased 144 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average price of GBX 1,268 per share, for a total transaction of £1,825.92. Insiders bought a total of 8,957 shares of company stock worth $12,767,567 in the last quarter. 0.04% of the stock is owned by company insiders.

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.