Jefferies Financial Group Reiterates Buy Rating for Rolls-Royce Holdings plc (LON:RR)

Jefferies Financial Group restated their buy rating on shares of Rolls-Royce Holdings plc (LON:RR) in a research note issued to investors on Tuesday morning, MarketBeat reports. The firm currently has a GBX 640 ($8.42) price target on the stock.

A number of other equities analysts also recently weighed in on RR. Shore Capital reaffirmed a buy rating on shares of Rolls-Royce Holdings plc in a research note on Thursday, May 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Rolls-Royce Holdings plc from GBX 475 ($6.25) to GBX 535 ($7.03) and gave the stock an overweight rating in a research report on Tuesday, August 6th. Finally, Bank of America reaffirmed a buy rating and set a GBX 675 ($8.88) price objective on shares of Rolls-Royce Holdings plc in a report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Rolls-Royce Holdings plc currently has an average rating of Moderate Buy and an average target price of GBX 529 ($6.96).

Rolls-Royce Holdings plc Stock Down 3.2 %

Rolls-Royce Holdings plc stock opened at GBX 462.70 ($6.08) on Tuesday. The stock has a 50-day simple moving average of GBX 468.18 and a 200 day simple moving average of GBX 434.82. Rolls-Royce Holdings plc has a 12-month low of GBX 196.45 ($2.58) and a 12-month high of GBX 505 ($6.64). The stock has a market capitalization of £39.33 billion, a price-to-earnings ratio of 1,706.79, a P/E/G ratio of 0.58 and a beta of 1.82.

Insider Activity at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Wendy Mars bought 10,076 shares of the stock in a transaction on Wednesday, August 28th. The stock was purchased at an average price of GBX 496 ($6.52) per share, with a total value of £49,976.96 ($65,715.92). In related news, insider Wendy Mars bought 10,076 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price 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 Rolls-Royce Holdings plc stock in a transaction on Monday, July 8th. The shares were bought at an average price of GBX 455 ($5.98) per share, for a total transaction of £1,096.55 ($1,441.88). 0.04% of the stock is currently 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.