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

Rolls-Royce Holdings plc (LON:RR)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 655 ($8.53) target price on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 18.40% from the stock’s current price.

Several other research firms have also issued reports on RR. Jefferies Financial Group restated a “buy” rating and set a GBX 640 ($8.33) price target on shares of Rolls-Royce Holdings plc in a research report on Tuesday, September 3rd. Shore Capital reissued a “buy” rating on shares of Rolls-Royce Holdings plc in a research note on Thursday. Bank of America reaffirmed a “buy” rating and issued a GBX 675 ($8.79) target price on shares of Rolls-Royce Holdings plc in a research note on Monday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 555 ($7.22) price target on shares of Rolls-Royce Holdings plc in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rolls-Royce Holdings plc currently has an average rating of “Moderate Buy” and a consensus price target of GBX 553 ($7.20).

Rolls-Royce Holdings plc Stock Up 0.1 %

LON RR opened at GBX 553.20 ($7.20) on Thursday. The firm has a market cap of £47.02 billion, a price-to-earnings ratio of 1,974.29, a PEG ratio of 0.55 and a beta of 1.82. The company has a 50-day simple moving average of GBX 526.22 and a two-hundred day simple moving average of GBX 478.85. Rolls-Royce Holdings plc has a 12-month low of GBX 196.45 ($2.56) and a 12-month high of GBX 537.20 ($6.99).

Insider Activity

In related news, insider Wendy Mars acquired 10,076 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was acquired at an average cost of GBX 496 ($6.46) per share, for a total transaction of £49,976.96 ($65,057.22). 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.