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

Rolls-Royce Holdings plc (LON:RR) had its price target hoisted by JPMorgan Chase & Co. from GBX 1,320 to GBX 1,500 in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts have also commented on the stock. Berenberg Bank increased their price objective on shares of Rolls-Royce Holdings plc from GBX 1,080 to GBX 1,250 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rolls-Royce Holdings plc from GBX 1,290 to GBX 1,550 and gave the company a “buy” rating in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,350.25.

Rolls-Royce Holdings plc Price Performance

RR opened at GBX 1,142.60 on Tuesday. Rolls-Royce Holdings plc has a fifty-two week low of GBX 196.45 and a fifty-two week high of GBX 537.20. The firm has a market capitalization of £97.99 billion, a PE ratio of 41.65, a P/E/G ratio of 0.55 and a beta of 1.23. The company’s 50-day moving average is GBX 1,245.63 and its 200 day moving average is GBX 1,184.35.

Rolls-Royce Holdings plc (LON:RR) last posted its quarterly earnings data 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, analysts expect that Rolls-Royce Holdings plc will post 8.5952 EPS for the current year.

Insider Activity

In related news, insider Angela Strank bought 2,154 shares of Rolls-Royce Holdings plc stock in a transaction dated Thursday, February 26th. The stock was purchased at an average cost of GBX 1,382 per share, with a total value of £29,768.28. Also, insider Helen McCabe sold 123,175 shares of the 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 transaction of £1,416,512.50. Over the last ninety days, insiders purchased 2,665 shares of company stock worth $3,614,109 and sold 135,679 shares worth $157,528,662. 0.04% of the stock is currently owned by insiders.

Rolls-Royce Holdings plc Company Profile

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.