Rolls-Royce Holdings plc (LON:RR) Rating Reiterated by JPMorgan Chase & Co.

Rolls-Royce Holdings plc (LON:RR – Get Rating)‘s stock had its “underweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 70 ($0.84) price objective on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 53.36% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Rolls-Royce Holdings plc in a research report on Tuesday, February 28th. Royal Bank of Canada reaffirmed an “underweight” rating and issued a GBX 70 ($0.84) price objective on shares of Rolls-Royce Holdings plc in a research report on Monday, February 6th. UBS Group raised shares of Rolls-Royce Holdings plc to a “buy” rating and increased their price objective for the company from GBX 105 ($1.26) to GBX 200 ($2.41) in a research report on Tuesday. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 100 ($1.20) price objective on shares of Rolls-Royce Holdings plc in a research report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 110 ($1.32).

Rolls-Royce Holdings plc Price Performance

RR opened at GBX 150.10 ($1.80) on Thursday. The company has a market cap of £12.56 billion, a P/E ratio of -1,053.60, a price-to-earnings-growth ratio of 0.27 and a beta of 1.66. Rolls-Royce Holdings plc has a 1 year low of GBX 64.44 ($0.77) and a 1 year high of GBX 239.70 ($2.88).

Insider Transactions at Rolls-Royce Holdings plc

In related news, insider Panos Kakoullis purchased 8,011 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was acquired at an average price of GBX 145 ($1.74) per share, with a total value of £11,615.95 ($13,968.19). Corporate insiders own 0.10% of the company’s stock.