Rolls-Royce Holdings plc (LON:RR) Given “Outperform” Rating at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Rolls-Royce Holdings plc (LON:RR) in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has a GBX 1,600 price target on the stock.

A number of other research firms have also recently weighed in on RR. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,325 price objective on shares of Rolls-Royce Holdings plc in a research report on Friday. Berenberg Bank upped their target price on 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 1,870 price target on shares of Rolls-Royce Holdings plc in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price target on Rolls-Royce Holdings plc from GBX 1,500 to GBX 1,625 and gave the stock an “overweight” rating in a report on Monday, June 29th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,491.83.

Rolls-Royce Holdings plc Stock Up 0.3%

Shares of RR opened at GBX 1,467.80 on Friday. The company has a 50 day moving average of GBX 1,367.87 and a two-hundred day moving average of GBX 1,282.49. Rolls-Royce Holdings plc has a twelve month low of GBX 196.45 and a twelve month high of GBX 537.20. The company has a market cap of £125.88 billion, a price-to-earnings ratio of 53.51, a price-to-earnings-growth ratio of 0.55 and a beta of 1.20.

Rolls-Royce Holdings plc (LON:RR) last issued its quarterly earnings results on Thursday, July 30th. The company reported GBX 22.17 earnings per share (EPS) for the quarter. Rolls-Royce Holdings plc had a return on equity of 108.91% and a net margin of 13.11%. On average, sell-side analysts expect that Rolls-Royce Holdings plc will post 8.5952 EPS for the current year.

Insiders Place Their Bets

In related news, insider Birgit Behrendt acquired 91 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were purchased at an average cost of GBX 1,213 per share, with a total value of £1,103.83. Also, insider Helen McCabe sold 1,359 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of GBX 1,303, for a total value of £17,707.77. In the last quarter, insiders have bought 4,549 shares of company stock valued at $6,078,970. Corporate insiders own 0.04% of the company’s stock.

Key Headlines Impacting Rolls-Royce Holdings plc

Here are the key news stories impacting Rolls-Royce Holdings plc this week:

• Positive Sentiment: Strong first-half performance: Rolls-Royce reported first-half revenue of £11.45 billion and quarterly earnings of 22.17 pence per share. The company also reported a 27.54% net margin and 227.54% return on equity, reinforcing confidence in its earnings recovery and profitability. Rolls-Royce first-half results
• Positive Sentiment: Favorable analyst views: Royal Bank of Canada reaffirmed its “outperform” rating and set a GBX 1,600 target, while Jefferies maintained a “buy” rating with a substantially higher GBX 1,870 target. These targets imply further upside from the recent trading level. Broker ratings
• Positive Sentiment: Insider buying: Director Angela Strank purchased 1,712 shares for approximately £24,807 at GBX 1,449 each. The purchase may signal management confidence in Rolls-Royce’s valuation and prospects.
• Neutral Sentiment: Mixed valuation signals: Deutsche Bank reaffirmed its “buy” rating but lowered or set a GBX 1,325 target, below the recent share price. This suggests analysts remain constructive on the business while differing on how much upside remains.

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.