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 reissued by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Friday,Digital Look reports. They presently have a GBX 900 ($11.65) target price on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.92% from the stock’s current price.

Separately, Shore Capital cut 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 692.50 ($8.97).

Rolls-Royce Holdings plc Trading Down 0.6 %

LON RR opened at GBX 797 ($10.32) on Friday. The firm has a market cap of £68.35 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. Rolls-Royce Holdings plc has a 1-year low of GBX 196.45 ($2.54) and a 1-year high of GBX 537.20 ($6.95). The stock has a 50-day moving average of GBX 678.98 and a 200-day moving average of GBX 594.86.

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

Insiders Place Their Bets

In related 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 ($7.61), for a total transaction of £76,257.72 ($98,728.28). Also, insider Wendy Mars acquired 303 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of GBX 603 ($7.81) per share, for a total transaction of £1,827.09 ($2,365.47). Insiders purchased 7,069 shares of company stock worth $5,158,221 over the last three months. Company 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.