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

Shore Capital downgraded shares of Rolls-Royce Holdings plc (LON:RR - Free Report) to a hold rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 900 ($11.65) target price on shares of Rolls-Royce Holdings plc in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 692.50 ($8.97).

Rolls-Royce Holdings plc Price Performance

Shares of RR stock opened at GBX 747.40 ($9.68) on Tuesday. The business's 50 day simple moving average is GBX 626.39 and its 200 day simple moving average is GBX 570.57. Rolls-Royce Holdings plc has a one year low of GBX 196.45 ($2.54) and a one year high of GBX 537.20 ($6.95). The stock has a market capitalization of £64.10 billion, a PE ratio of 27.24, a PEG ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR - Get Free Report) 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 negative return on equity of 78.08% and a net margin of 13.08%. As a group, research analysts expect that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Angela Strank bought 6,740 shares of the stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of GBX 736 ($9.53) per share, with a total value of £49,606.40 ($64,223.72). Also, insider Wendy Mars bought 303 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of GBX 603 ($7.81) per share, for a total transaction of £1,827.09 ($2,365.47). In the last three months, insiders have acquired 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.

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