JPMorgan Chase & Co. Reiterates Overweight Rating for Rolls-Royce Holdings plc (LON:RR)

JPMorgan Chase & Co. reissued their overweight rating on shares of Rolls-Royce Holdings plc (LON:RR) in a research report report published on Friday, MarketBeat Ratings reports. They currently have a GBX 900 ($11.65) price objective on the stock.

Separately, Shore Capital lowered shares of Rolls-Royce Holdings plc to a “hold” rating in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 692.50 ($8.96).

Rolls-Royce Holdings plc Trading Down 3.2 %

RR stock opened at GBX 771.20 ($9.98) on Friday. The stock has a 50-day moving average price of GBX 683.34 and a 200-day moving average price of GBX 597.18. Rolls-Royce Holdings plc has a 1-year low of GBX 196.45 ($2.54) and a 1-year high of GBX 537.20 ($6.95). The firm has a market cap of £66.14 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR) last released its earnings results on Thursday, February 27th. The company reported GBX 20.29 ($0.26) EPS for the quarter. Rolls-Royce Holdings plc had a negative return on equity of 78.08% and a net margin of 13.08%. On average, analysts forecast that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Wendy Mars purchased 303 shares of the business’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of GBX 603 ($7.80) per share, for a total transaction of £1,827.09 ($2,364.86). Also, insider Tufan Erginbilgic sold 12,969 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of GBX 588 ($7.61), for a total value of £76,257.72 ($98,702.72). Over the last quarter, insiders have bought 7,069 shares of company stock worth $5,158,221. 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.