Rolls-Royce Holdings plc (LON:RR) Trading Down 1.3% – What’s Next?

Rolls-Royce Holdings plc (LON:RR)’s share price dropped 1.3% during trading on Friday . The stock traded as low as GBX 701.60 ($9.33) and last traded at GBX 714.40 ($9.50). Approximately 38,521,936 shares were traded during trading, The stock had previously closed at GBX 724.14 ($9.63).

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RR. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 900 ($11.97) target price on shares of Rolls-Royce Holdings plc in a research report on Friday, March 28th. Shore Capital downgraded shares of 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 issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 692.50 ($9.21).

Rolls-Royce Holdings plc Stock Performance

The company has a market cap of £61.27 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. The business has a 50 day moving average price of GBX 720.37 and a two-hundred day moving average price of GBX 619.90.

Rolls-Royce Holdings plc (LON:RR) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX 20.29 ($0.27) 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, research analysts expect that Rolls-Royce Holdings plc will post 8.5952 EPS for the current year.

Insider Activity

In other news, insider Tufan Erginbilgic sold 12,969 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of GBX 588 ($7.82), for a total value of £76,257.72 ($101,393.06). Also, insider Wendy Mars bought 303 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of GBX 603 ($8.02) per share, for a total transaction of £1,827.09 ($2,429.32). 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.