Rolls-Royce Holdings plc (LON:RR) Downgraded to Hold Rating by Shore Capital

Shore Capital lowered shares of Rolls-Royce Holdings plc (LON:RR - Free Report) to a hold rating in a research report released on Tuesday morning, Marketbeat.com reports.

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 900 ($11.64) target price on shares of Rolls-Royce Holdings plc in a research report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 692.50 ($8.96).

Rolls-Royce Holdings plc Trading Up 3.2 %

RR stock traded up GBX 25 ($0.32) during mid-day trading on Tuesday, hitting GBX 796.40 ($10.30). The stock had a trading volume of 20,822,566 shares. 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 company has a fifty day moving average of GBX 637.88 and a 200 day moving average of GBX 575.15. The stock has a market capitalization of £68.30 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported GBX 20.29 ($0.26) earnings per share for the quarter. Rolls-Royce Holdings plc had a negative return on equity of 78.08% and a net margin of 13.08%. As a group, sell-side analysts expect that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current fiscal year.

Insider Activity

In other Rolls-Royce Holdings plc news, insider Helen McCabe sold 400,659 shares of the firm's 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 value of £3,073,054.53 ($3,974,976.76). Also, insider Wendy Mars bought 303 shares of the stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of GBX 603 ($7.80) per share, for a total transaction of £1,827.09 ($2,363.33). In the last quarter, insiders have purchased 7,069 shares of company stock valued at $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.