Goldman Sachs Group reissued their buy rating on shares of Rolls-Royce Holding PLC (LON:RR) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also issued reports on the stock. Berenberg Bank reiterated a hold rating on shares of Rolls-Royce Holding PLC in a research note on Wednesday, June 26th. JPMorgan Chase & Co. reiterated an underweight rating and set a GBX 600 ($7.84) price target on shares of Rolls-Royce Holding PLC in a research note on Wednesday, August 7th. UBS Group reiterated a buy rating and set a GBX 1,160 ($15.16) price target on shares of Rolls-Royce Holding PLC in a research note on Tuesday, August 6th. Deutsche Bank reiterated a hold rating on shares of Rolls-Royce Holding PLC in a research note on Monday, May 13th. Finally, Citigroup reiterated a buy rating on shares of Rolls-Royce Holding PLC in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Rolls-Royce Holding PLC presently has a consensus rating of Buy and a consensus target price of GBX 1,091.56 ($14.26).
Shares of LON:RR opened at GBX 757.80 ($9.90) on Tuesday. The firm has a market capitalization of $14.47 billion and a PE ratio of -5.87. The firm’s 50-day moving average is GBX 837.76 and its two-hundred day moving average is GBX 891.74. Rolls-Royce Holding PLC has a 1 year low of GBX 723.40 ($9.45) and a 1 year high of GBX 1,047 ($13.68).
In related news, insider Beverly Goulet acquired 5,000 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of GBX 783 ($10.23) per share, with a total value of £39,150 ($51,156.41). Also, insider Ruth Cairnie acquired 256 shares of the stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of GBX 757 ($9.89) per share, with a total value of £1,937.92 ($2,532.24). Insiders have acquired 5,694 shares of company stock worth $4,497,022 over the last quarter.
About Rolls-Royce Holding PLC
Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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