Rolls-Royce Holdings plc (LON:RR) Given New GBX 1,270 Price Target at Berenberg Bank

Rolls-Royce Holdings plc (LON:RR) had its price objective increased by Berenberg Bank from GBX 1,250 to GBX 1,270 in a research report sent to investors on Monday,Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

Several other brokerages also recently issued reports on RR. JPMorgan Chase & Co. raised their target price 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 note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft raised their target price 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 note on Monday, February 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,530 target price on shares of Rolls-Royce Holdings plc in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,390.20.

Rolls-Royce Holdings plc Stock Performance

Shares of LON:RR opened at GBX 1,227.60 on Monday. 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 £105.28 billion, a P/E ratio of 44.75, a price-to-earnings-growth ratio of 0.55 and a beta of 1.20. The company has a 50-day simple moving average of GBX 1,225.13 and a 200 day simple moving average of GBX 1,194.25.

Rolls-Royce Holdings plc (LON:RR) last issued its earnings results on Thursday, February 26th. The company reported GBX 29.55 earnings per share (EPS) for the quarter. Rolls-Royce Holdings plc had a net margin of 27.54% and a return on equity of 227.54%. As a group, equities 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 Birgit Behrendt bought 91 shares of the stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of GBX 1,203 per share, with a total value of £1,094.73. Also, insider Helen McCabe sold 123,175 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 1,150, for a total transaction of £1,416,512.50. In the last three months, insiders purchased 2,413 shares of company stock valued at $3,300,997 and sold 134,282 shares valued at $155,299,783. 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. 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.