Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Rolls-Royce Holdings plc (LON:RR)

Rolls-Royce Holdings plc (LON:RR)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday,Digital Look reports. They currently have a GBX 1,325 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 9.43% from the company’s current price.

A number of other research analysts have also recently commented on RR. Berenberg Bank boosted their target price on shares of Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the stock a “buy” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. raised their price target on shares of Rolls-Royce Holdings plc from GBX 1,500 to GBX 1,625 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,870 price target on shares of Rolls-Royce Holdings plc in a research note on Friday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Rolls-Royce Holdings plc has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,470.20.

Rolls-Royce Holdings plc Stock Performance

Shares of LON:RR opened at GBX 1,463 on Friday. The company has a market cap of £125.47 billion, a P/E ratio of 53.33, a PEG ratio of 0.55 and a beta of 1.20. Rolls-Royce Holdings plc has a one year low of GBX 196.45 and a one year high of GBX 537.20. The business’s 50-day simple moving average is GBX 1,362.77 and its 200 day simple moving average is GBX 1,281.22.

Rolls-Royce Holdings plc (LON:RR) last released its quarterly earnings results on Thursday, July 30th. The company reported GBX 22.17 earnings per share for the quarter. Rolls-Royce Holdings plc had a return on equity of 227.54% and a net margin of 27.54%. Analysts predict that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current year.

Insider Activity

In other Rolls-Royce Holdings plc news, insider Birgit Behrendt bought 74 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of GBX 1,483 per share, with a total value of £1,097.42. Also, insider Tufan Erginbilgic sold 3,516 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of GBX 1,303, for a total value of £45,813.48. Insiders have acquired 2,837 shares of company stock worth $3,598,282 over the last quarter. 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. The Defence segment is involved in the development, manufacture, marketing, and sale of military aero engines, naval engines, and submarine nuclear power plants, as well as offers aftermarket services.