JPMorgan Chase & Co. Reaffirms Overweight Rating for Rolls-Royce Holdings plc (LON:RR)

JPMorgan Chase & Co. restated their overweight rating on shares of Rolls-Royce Holdings plc (LON:RR - Free Report) in a report published on Friday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a GBX 900 ($11.64) price objective on the stock.

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

Rolls-Royce Holdings plc Price Performance

Rolls-Royce Holdings plc stock traded down GBX 25.80 ($0.33) during mid-day trading on Friday, reaching GBX 771.20 ($9.97). 13,973,476 shares of the company traded hands. The firm's fifty day moving average is GBX 683.34 and its two-hundred day moving average is GBX 598.90. The company has a market capitalization of £66.14 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. Rolls-Royce Holdings plc has a fifty-two week low of GBX 196.45 ($2.54) and a fifty-two week high of GBX 537.20 ($6.95).

Rolls-Royce Holdings plc (LON:RR - Get Free Report) last announced its quarterly earnings data 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 predict that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current year.

Insider Activity at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Tufan Erginbilgic sold 12,969 shares of Rolls-Royce Holdings plc stock in a transaction dated Monday, January 27th. The shares were sold at an average price of GBX 588 ($7.60), for a total transaction of £76,257.72 ($98,600.62). Also, insider Wendy Mars bought 303 shares of the firm's stock in a transaction on Friday, February 7th. The stock was purchased at an average price of GBX 603 ($7.80) per share, for a total transaction of £1,827.09 ($2,362.41). In the last quarter, insiders acquired 7,069 shares of company stock valued at $5,158,221. Corporate 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.