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

Rolls-Royce Holdings plc (LON:RR)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Marketbeat reports. They currently have a GBX 900 ($11.65) price target on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 16.70% from the company’s previous close.

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

Rolls-Royce Holdings plc Stock Performance

LON:RR opened at GBX 771.20 ($9.98) on Friday. The firm’s 50-day moving average is GBX 683.34 and its 200-day moving average is GBX 598.03. The company has a market cap of £66.14 billion, a price-to-earnings ratio of 28.11, 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 ($6.95).

Rolls-Royce Holdings plc (LON:RR) last issued 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 negative return on equity of 78.08% and a net margin of 13.08%. Equities analysts predict that Rolls-Royce Holdings plc will post 8.5952 EPS for the current year.

Insiders Place Their Bets

In other news, insider Tufan Erginbilgic sold 12,969 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of GBX 588 ($7.61), for a total value of £76,257.72 ($98,702.72). Also, insider Helen McCabe sold 400,659 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 767 ($9.93), for a total transaction of £3,073,054.53 ($3,977,549.22). Insiders acquired a total of 7,069 shares of company stock worth $5,158,221 over the last quarter. 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.