Rolls-Royce Holdings plc (LON:RR) Stock Price Up 1.6% - Should You Buy?

Shares of Rolls-Royce Holdings plc (LON:RR - Get Free Report) shot up 1.6% on Friday . The company traded as high as GBX 572.80 ($7.48) and last traded at GBX 569 ($7.43). 15,632,260 shares traded hands during trading, The stock had previously closed at GBX 560 ($7.31).

Analysts Set New Price Targets

Several research analysts recently commented on RR shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 640 ($8.36) target price on shares of Rolls-Royce Holdings plc in a research report on Tuesday, September 3rd. Bank of America reaffirmed a "buy" rating and set a GBX 675 ($8.81) price objective on shares of Rolls-Royce Holdings plc in a report on Monday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 555 ($7.25) target price on shares of Rolls-Royce Holdings plc in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Rolls-Royce Holdings plc from GBX 475 ($6.20) to GBX 535 ($6.99) and gave the stock an "overweight" rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 529 ($6.91).

Rolls-Royce Holdings plc Price Performance

The firm has a market capitalization of £48.23 billion, a P/E ratio of 2,026.43, a PEG ratio of 0.55 and a beta of 1.82. The company's 50 day moving average price is GBX 507.89 and its 200 day moving average price is GBX 463.94.

Remove Ads

Insider Buying and Selling at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Wendy Mars acquired 10,076 shares of Rolls-Royce Holdings plc stock in a transaction on Wednesday, August 28th. The shares were purchased at an average cost of GBX 496 ($6.48) per share, with a total value of £49,976.96 ($65,261.11). 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.