Rolls-Royce Holdings plc’s (RR) Buy Rating Reaffirmed at Shore Capital

Rolls-Royce Holdings plc (LON:RR – Get Rating)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a note issued to investors on Wednesday, MarketBeat reports.

A number of other brokerages have also weighed in on RR. Berenberg Bank restated a “hold” rating and set a GBX 100 ($1.22) price target on shares of Rolls-Royce Holdings plc in a research note on Friday, February 24th. UBS Group upgraded Rolls-Royce Holdings plc to a “buy” rating and upped their target price for the company from GBX 105 ($1.28) to GBX 200 ($2.44) in a research report on Tuesday, March 7th. Royal Bank of Canada reiterated an “underweight” rating and issued a GBX 70 ($0.85) target price on shares of Rolls-Royce Holdings plc in a research report on Monday, February 6th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 70 ($0.85) target price on shares of Rolls-Royce Holdings plc in a research report on Thursday, March 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 110 ($1.34).

Rolls-Royce Holdings plc Stock Performance

Shares of RR stock opened at GBX 146.30 ($1.78) on Wednesday. Rolls-Royce Holdings plc has a fifty-two week low of GBX 64.44 ($0.79) and a fifty-two week high of GBX 239.70 ($2.92). The stock has a market cap of £12.25 billion, a PE ratio of -960.93, a price-to-earnings-growth ratio of 0.27 and a beta of 1.66.

Insiders Place Their Bets

In related news, insider Panos Kakoullis acquired 8,011 shares of the stock in a transaction on Tuesday, February 28th. The shares were acquired at an average price of GBX 145 ($1.77) per share, for a total transaction of £11,615.95 ($14,157.16). Insiders own 0.10% of the company’s stock.