Insider Buying: Rolls-Royce Holdings plc (LON:RR) Insider Purchases 8,049 Shares of Stock

Rolls-Royce Holdings plc (LON:RR) insider Tufan Erginbilgic acquired 8,049 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was purchased at an average cost of GBX 406 ($5.01) per share, with a total value of £32,678.94 ($40,364.30).

Rolls-Royce Holdings plc Price Performance

Shares of Rolls-Royce Holdings plc stock traded down GBX 11.30 ($0.14) during trading on Friday, hitting GBX 405.70 ($5.01). 28,316,568 shares of the stock were exchanged. Rolls-Royce Holdings plc has a 12-month low of GBX 142.48 ($1.76) and a 12-month high of GBX 435 ($5.37). The stock has a market cap of £33.96 billion, a price-to-earnings ratio of 1,398.97, a price-to-earnings-growth ratio of 0.26 and a beta of 1.75. The firm’s 50-day moving average price is GBX 392.35 and its 200 day moving average price is GBX 311.77.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Berenberg Bank reissued a “sell” rating and set a GBX 240 ($2.96) price objective on shares of Rolls-Royce Holdings plc in a report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Rolls-Royce Holdings plc from GBX 400 ($4.94) to GBX 475 ($5.87) and gave the stock an “overweight” rating in a research note on Monday, February 26th. Shore Capital reiterated a “buy” rating on shares of Rolls-Royce Holdings plc in a research note on Thursday, February 22nd. Finally, Jefferies Financial Group restated a “neutral” rating and set a GBX 530 ($6.55) target price on shares of Rolls-Royce Holdings plc in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rolls-Royce Holdings plc currently has an average rating of “Hold” and an average price target of GBX 342.20 ($4.23).

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.