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

JPMorgan Chase & Co. restated their overweight rating on shares of Rolls-Royce Holdings plc (LON:RR) in a research report released on Friday morning, MarketBeat.com reports. The firm currently has a GBX 900 ($11.65) price target on the stock.

Separately, Shore Capital downgraded Rolls-Royce Holdings plc to a “hold” rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 692.50 ($8.96).

Rolls-Royce Holdings plc Price Performance

Shares of RR stock opened at GBX 771.20 ($9.98) on Friday. The company has a fifty day moving average price of GBX 683.34 and a two-hundred day moving average price of GBX 597.18. 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 cap of £66.14 billion, a P/E ratio of 28.11, a P/E/G ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR) last released its quarterly earnings data on Thursday, February 27th. The company reported GBX 20.29 ($0.26) earnings per share (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, equities research analysts anticipate that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tufan Erginbilgic sold 12,969 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of GBX 588 ($7.61), for a total transaction of £76,257.72 ($98,702.72). Also, insider Wendy Mars purchased 303 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of GBX 603 ($7.80) per share, for a total transaction of £1,827.09 ($2,364.86). Over the last 90 days, insiders acquired 7,069 shares of company stock valued at $5,158,221. 0.04% of the stock is currently owned by corporate 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.