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

Rolls-Royce Holdings plc (LON:RR)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 900 ($11.63) price target on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 12.30% from the stock’s current price.

Separately, Shore Capital reissued a “buy” rating on shares of Rolls-Royce Holdings plc in a report on Thursday, November 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 692.50 ($8.95).

Rolls-Royce Holdings plc Stock Down 0.4 %

Shares of LON RR opened at GBX 801.40 ($10.36) on Thursday. The firm’s 50-day moving average price is GBX 618.68 and its 200-day moving average price is GBX 565.76. The company has a market cap of £68.73 billion, a PE ratio of 29.21, a PEG ratio of 0.55 and a beta of 1.82. Rolls-Royce Holdings plc has a 52-week low of GBX 196.45 ($2.54) and a 52-week high of GBX 537.20 ($6.94).

Rolls-Royce Holdings plc (LON:RR) last announced its quarterly earnings results 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 net margin of 13.08% and a negative return on equity of 78.08%. As a group, equities research analysts anticipate that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Insider Activity

In other news, insider Tufan Erginbilgic sold 12,969 shares of Rolls-Royce Holdings plc stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of GBX 588 ($7.60), for a total transaction of £76,257.72 ($98,562.39). Also, insider Angela Strank bought 6,740 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of GBX 736 ($9.51) per share, with a total value of £49,606.40 ($64,115.81). Insiders have purchased a total of 7,069 shares of company stock worth $5,158,221 over the last quarter. 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.