Insider Buying: Rolls-Royce Holdings plc (LON:RR) Insider Purchases £1,097.42 in Stock

Rolls-Royce Holdings plc (LON:RR) insider Birgit Behrendt acquired 74 shares of the stock in a transaction on Tuesday, July 7th. The stock was purchased at an average cost of GBX 1,483 per share, with a total value of £1,097.42.

Birgit Behrendt also recently made the following trade(s):

• On Monday, June 8th, Birgit Behrendt acquired 91 shares of Rolls-Royce Holdings plc stock. The shares were purchased at an average price of GBX 1,213 per share, for a total transaction of £1,103.83.
• On Friday, May 8th, Birgit Behrendt bought 1,290 shares of Rolls-Royce Holdings plc stock. The stock was purchased at an average price of GBX 2,309 per share, with a total value of £29,786.10.

Rolls-Royce Holdings plc Stock Performance

Shares of RR stock traded down GBX 56.20 on Wednesday, hitting GBX 1,447.80. The stock had a trading volume of 13,205,941 shares. The stock’s 50 day moving average is GBX 1,289.48 and its 200-day moving average is GBX 1,254.38. The firm has a market capitalization of £124.17 billion, a price-to-earnings ratio of 52.78, a P/E/G ratio of 0.55 and a beta of 1.20. Rolls-Royce Holdings plc has a 52-week low of GBX 196.45 and a 52-week high of GBX 537.20.

Analyst Ratings Changes

A number of research firms have weighed in on RR. Berenberg Bank upped their price objective on shares of Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the company a “buy” rating in a research report on Friday, June 12th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,530 price target on shares of Rolls-Royce Holdings plc in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their price target on 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Rolls-Royce Holdings plc presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,447.20.

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.