JPMorgan Chase & Co. Issues Positive Forecast for Rolls-Royce Holdings plc (LON:RR) Stock Price

Rolls-Royce Holdings plc (LON:RR) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from GBX 1,320 to GBX 1,500 in a research report issued on Tuesday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 26.21% from the company’s previous close.

A number of other research analysts have also recently commented on RR. Deutsche Bank Aktiengesellschaft raised their price target on shares of Rolls-Royce Holdings plc from GBX 1,290 to GBX 1,550 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Berenberg Bank raised their price target on shares of Rolls-Royce Holdings plc from GBX 1,080 to GBX 1,250 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,350.25.

Rolls-Royce Holdings plc Stock Down 1.5%

Shares of LON RR traded down GBX 18.50 during mid-day trading on Tuesday, hitting GBX 1,188.50. The business’s 50 day moving average price is GBX 1,246.57 and its two-hundred day moving average price is GBX 1,183.94. Rolls-Royce Holdings plc has a 12 month low of GBX 196.45 and a 12 month high of GBX 537.20. The stock has a market capitalization of £101.93 billion, a price-to-earnings ratio of 43.32, a P/E/G ratio of 0.55 and a beta of 1.17.

Rolls-Royce Holdings plc (LON:RR) last announced its quarterly earnings results on Thursday, February 26th. The company reported GBX 29.55 EPS for the quarter. Rolls-Royce Holdings plc had a net margin of 27.54% and a return on equity of 227.54%. As a group, research analysts anticipate that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Helen McCabe sold 123,175 shares of Rolls-Royce Holdings plc stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 1,150, for a total value of £1,416,512.50. Also, insider Birgit Behrendt bought 91 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average price of GBX 1,203 per share, with a total value of £1,094.73. In the last ninety days, insiders have purchased 2,914 shares of company stock valued at $3,926,619 and have sold 135,679 shares valued at $157,528,662. 0.04% of the stock is currently owned by 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. The Defence segment is involved in the development, manufacture, marketing, and sale of military aero engines, naval engines, and submarine nuclear power plants, as well as offers aftermarket services.