Rolls-Royce Holdings plc (LON:RR) Earns “Buy” Rating from Bank of America

Bank of America restated their buy rating on shares of Rolls-Royce Holdings plc (LON:RR) in a research report sent to investors on Monday, Digital Look reports. They currently have a GBX 675 ($8.88) price objective on the stock.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their target price on Rolls-Royce Holdings plc from GBX 475 ($6.25) to GBX 535 ($7.03) and gave the stock an overweight rating in a research note on Tuesday, August 6th. Jefferies Financial Group reiterated a buy rating and set a GBX 580 ($7.63) price objective on shares of Rolls-Royce Holdings plc in a research report on Monday, June 24th. Finally, Shore Capital reissued a buy rating on shares of Rolls-Royce Holdings plc in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of GBX 529 ($6.96).

Rolls-Royce Holdings plc Stock Up 1.8 %

Rolls-Royce Holdings plc stock opened at GBX 480.70 ($6.32) on Monday. The company’s 50-day moving average price is GBX 467.80 and its two-hundred day moving average price is GBX 434.50. The stock has a market cap of £40.86 billion, a P/E ratio of 1,686.79, a P/E/G ratio of 0.58 and a beta of 1.82. Rolls-Royce Holdings plc has a twelve month low of GBX 196.45 ($2.58) and a twelve month high of GBX 505 ($6.64).

Insider Buying and Selling at Rolls-Royce Holdings plc

In related news, insider Wendy Mars bought 10,076 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average cost of GBX 496 ($6.52) per share, for a total transaction of £49,976.96 ($65,715.92). In other news, insider Wendy Mars bought 10,076 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were purchased at an average cost of GBX 496 ($6.52) per share, with a total value of £49,976.96 ($65,715.92). Also, insider Birgit Behrendt bought 241 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was purchased at an average price of GBX 455 ($5.98) per share, with a total value of £1,096.55 ($1,441.88). Insiders purchased 10,350 shares of company stock valued at $5,122,333 in the last three months. 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.