Tufan Erginbilgic Buys 8,049 Shares of Rolls-Royce Holdings plc (LON:RR) Stock

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

Rolls-Royce Holdings plc Stock Up 3.8 %

Shares of RR opened at GBX 421.10 ($5.20) on Friday. The company has a 50-day moving average price of GBX 394.07 and a two-hundred day moving average price of GBX 313.14. The stock has a market cap of £35.25 billion, a price-to-earnings ratio of 1,452.07, a P/E/G ratio of 0.26 and a beta of 1.75. 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).

Wall Street Analysts Forecast Growth

RR has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of Rolls-Royce Holdings plc from GBX 400 ($4.94) to GBX 475 ($5.87) and gave the company an “overweight” rating in a research note on Monday, February 26th. Berenberg Bank reiterated a “sell” rating and issued a GBX 240 ($2.96) price objective on shares of Rolls-Royce Holdings plc in a research report on Thursday, February 22nd. Shore Capital restated a “buy” rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, February 22nd. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and issued a GBX 530 ($6.55) target price on shares of Rolls-Royce Holdings plc in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 342.20 ($4.23).

Rolls-Royce Holdings plc Company Profile

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.