Insider Selling: Rolls-Royce Holdings plc (LON:RR) Insider Sells 937 Shares of Stock
Rolls-Royce Holdings plc (LON:RR) insider Warren East sold 937 shares of the business’s stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of GBX 106 ($1.38), for a total transaction of £993.22 ($1,297.65).
RR opened at GBX 111.88 ($1.46) on Thursday. Rolls-Royce Holdings plc has a one year low of GBX 0.90 ($0.01) and a one year high of GBX 159.43 ($2.08). The stock has a market capitalization of £9.36 billion and a P/E ratio of -2.11. The business’s 50-day simple moving average is GBX 110.05 and its 200-day simple moving average is GBX 112.13.
RR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 97 ($1.27) price objective on shares of Rolls-Royce Holdings plc in a research report on Friday, March 12th. Berenberg Bank decreased their price target on Rolls-Royce Holdings plc from GBX 250 ($3.27) to GBX 140 ($1.83) and set a “buy” rating for the company in a report on Monday, December 14th. Finally, Bank of America upped their price objective on Rolls-Royce Holdings plc to GBX 80 ($1.05) and gave the stock an “underperform” rating in a research report on Friday, March 12th. Four analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Rolls-Royce Holdings plc presently has an average rating of “Hold” and a consensus price target of GBX 312.25 ($4.08).
Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates in four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment develops, manufactures, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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