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

JPMorgan Chase & Co. restated their overweight rating on shares of Rolls-Royce Holdings plc (LON:RR) in a report released on Friday, Marketbeat Ratings reports. They currently have a GBX 900 ($11.64) price target on the stock.

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

Rolls-Royce Holdings plc Stock Down 3.2 %

LON RR opened at GBX 771.20 ($9.97) on Friday. The company has a 50-day moving average price of GBX 683.34 and a 200-day moving average price of GBX 598.90. Rolls-Royce Holdings plc has a 52 week low of GBX 196.45 ($2.54) and a 52 week high of GBX 537.20 ($6.95). The firm has a market capitalization of £66.14 billion, a P/E ratio of 28.11, a PEG ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR) last announced 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%. As a group, equities research analysts anticipate that Rolls-Royce Holdings plc will post 8.5952 EPS for the current year.

Insiders Place Their Bets

In related news, insider Helen McCabe sold 400,659 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of GBX 767 ($9.92), for a total transaction of £3,073,054.53 ($3,973,434.87). Also, insider Wendy Mars purchased 303 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of GBX 603 ($7.80) per share, with a total value of £1,827.09 ($2,362.41). Insiders acquired 7,069 shares of company stock worth $5,158,221 in the last three months. 0.04% of the stock is owned by company insiders.

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.