Rolls-Royce Holdings plc’s (RR) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Rolls-Royce Holdings plc (LON:RR) in a research note issued to investors on Friday morning, Marketbeat reports. They currently have a GBX 900 ($11.64) target price on the stock.

Separately, Shore Capital lowered Rolls-Royce Holdings plc to a “hold” rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 692.50 ($8.95).

Rolls-Royce Holdings plc Price Performance

RR stock opened at GBX 771.20 ($9.97) on Friday. Rolls-Royce Holdings plc has a 12 month low of GBX 196.45 ($2.54) and a 12 month high of GBX 537.20 ($6.95). The firm’s 50-day moving average is GBX 683.34 and its 200 day moving average is GBX 598.90. The company has a market capitalization of £66.14 billion, a PE ratio of 28.11, a P/E/G ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR) last issued 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 net margin of 13.08% and a negative return on equity of 78.08%. Sell-side analysts forecast that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Insider Transactions at Rolls-Royce Holdings plc

In related news, insider Angela Strank acquired 6,740 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of GBX 736 ($9.52) per share, with a total value of £49,606.40 ($64,140.68). Also, insider Wendy Mars bought 303 shares of Rolls-Royce Holdings plc stock in a transaction on Friday, February 7th. The stock was purchased at an average price of GBX 603 ($7.80) per share, with a total value of £1,827.09 ($2,362.41). In the last quarter, insiders acquired 7,069 shares of company stock valued at $5,158,221. Company 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.