Rolls-Royce Holdings plc (LON:RR) Receives “Buy” Rating from Bank of America

Bank of America reiterated their buy rating on shares of Rolls-Royce Holdings plc (LON:RR) in a research report released on Monday, Digital Look reports. The brokerage currently has a GBX 675 ($8.88) price objective on the stock.

RR has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 580 ($7.63) target price on shares of Rolls-Royce Holdings plc in a report on Monday, June 24th. Shore Capital reiterated a buy rating on shares of Rolls-Royce Holdings plc in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. lifted their target price 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. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of GBX 529 ($6.96).

Rolls-Royce Holdings plc Stock Performance

Shares of LON:RR opened at GBX 480.70 ($6.32) on Monday. Rolls-Royce Holdings plc has a 52-week low of GBX 196.45 ($2.58) and a 52-week high of GBX 505 ($6.64). The company has a market capitalization of £40.86 billion, a PE ratio of 1,686.79, a price-to-earnings-growth ratio of 0.58 and a beta of 1.82. The company has a fifty day moving average of GBX 467.80 and a 200-day moving average of GBX 434.50.

Insider Transactions at Rolls-Royce Holdings plc

In related news, insider Wendy Mars bought 10,076 shares of Rolls-Royce Holdings plc stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of GBX 496 ($6.52) per share, for a total transaction of £49,976.96 ($65,715.92). In other Rolls-Royce Holdings plc news, insider Birgit Behrendt acquired 241 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were bought at an average cost of GBX 455 ($5.98) per share, with a total value of £1,096.55 ($1,441.88). Also, insider Wendy Mars bought 10,076 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of GBX 496 ($6.52) per share, for a total transaction of £49,976.96 ($65,715.92). Insiders purchased 10,350 shares of company stock worth $5,122,333 over the last ninety days. 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.