Rolls-Royce Holdings plc (LON:RR) Receives “Buy” Rating from Shore Capital

Rolls-Royce Holdings plc (LON:RR)‘s stock had its “buy” rating restated by Shore Capital in a research note issued on Thursday, Digital Look reports.

A number of other brokerages also recently weighed in on RR. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 640 ($8.33) target price on shares of Rolls-Royce Holdings plc in a research note on Tuesday, September 3rd. Bank of America reiterated a “buy” rating and set a GBX 675 ($8.79) price objective on shares of Rolls-Royce Holdings plc in a research report on Monday, September 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Rolls-Royce Holdings plc from GBX 475 ($6.18) to GBX 535 ($6.96) and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 555 ($7.22) target price on shares of Rolls-Royce Holdings plc in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, Rolls-Royce Holdings plc has a consensus rating of “Moderate Buy” and an average price target of GBX 529 ($6.89).

Rolls-Royce Holdings plc Stock Up 2.5 %

RR traded up GBX 14 ($0.18) on Thursday, hitting GBX 574 ($7.47). The company’s stock had a trading volume of 27,519,615 shares. Rolls-Royce Holdings plc has a 12 month low of GBX 196.45 ($2.56) and a 12 month high of GBX 537.20 ($6.99). The firm has a market cap of £48.79 billion, a P/E ratio of 2,050.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. The company’s 50 day simple moving average is GBX 523.69 and its 200-day simple moving average is GBX 477.08.

Insider Activity at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Wendy Mars purchased 10,076 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average price of GBX 496 ($6.46) per share, for a total transaction of £49,976.96 ($65,057.22). 0.04% of the stock is owned by insiders.

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.