Rolls-Royce Holdings plc (LON:RR) Receives “Overweight” Rating from JPMorgan Chase & Co.

Rolls-Royce Holdings plc (LON:RR)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued on Thursday,Digital Look reports. They currently have a GBX 900 ($11.60) target price on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.77% from the stock’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Rolls-Royce Holdings plc has a consensus rating of “Buy” and a consensus target price of GBX 692.50 ($8.93).

Rolls-Royce Holdings plc Trading Up 2.4 %

LON RR traded up GBX 18.80 ($0.24) during trading hours on Thursday, reaching GBX 805.20 ($10.38). 48,710,820 shares of the company traded hands. The stock has a market capitalization of £69.06 billion, a PE ratio of 29.35, a PEG ratio of 0.55 and a beta of 1.82. Rolls-Royce Holdings plc has a 12 month low of GBX 196.45 ($2.53) and a 12 month high of GBX 537.20 ($6.92). The company has a 50 day moving average of GBX 609.50 and a two-hundred day moving average of GBX 561.96.

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

Insider Transactions at Rolls-Royce Holdings plc

In related news, insider Tufan Erginbilgic sold 12,969 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of GBX 588 ($7.58), for a total value of £76,257.72 ($98,295.59). Also, insider Angela Strank bought 6,740 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of GBX 736 ($9.49) per share, with a total value of £49,606.40 ($63,942.25). Over the last quarter, insiders bought 7,069 shares of company stock worth $5,158,221. Insiders own 0.04% of the company’s stock.

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.