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

Rolls-Royce Holdings plc (LON:RR) had its target price lifted by equities researchers at JPMorgan Chase & Co. from GBX 1,625 to GBX 1,800 in a report released on Tuesday,Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 19.46% from the company’s current price.

A number of other brokerages also recently weighed in on RR. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,325 price target on shares of Rolls-Royce Holdings plc in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,600 target price on shares of Rolls-Royce Holdings plc in a report on Friday. Berenberg Bank boosted their target price on shares of Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the company a “buy” rating in a research note on Friday, June 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,870 price target on shares of Rolls-Royce Holdings plc in a report on Friday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Rolls-Royce Holdings plc currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,521.

Rolls-Royce Holdings plc Stock Performance

Rolls-Royce Holdings plc stock opened at GBX 1,506.80 on Tuesday. The company has a 50 day moving average price of GBX 1,372.25 and a 200 day moving average price of GBX 1,283.69. Rolls-Royce Holdings plc has a 52 week low of GBX 196.45 and a 52 week high of GBX 537.20. The firm has a market capitalization of £129.23 billion, a price-to-earnings ratio of 54.93, a P/E/G ratio of 0.55 and a beta of 1.20.

Rolls-Royce Holdings plc (LON:RR) last announced its earnings results on Thursday, July 30th. The company reported GBX 22.17 earnings per share (EPS) for the quarter. Rolls-Royce Holdings plc had a net margin of 13.11% and a return on equity of 108.91%. Equities analysts forecast that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rolls-Royce Holdings plc news, insider Helen McCabe sold 1,359 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of GBX 1,303, for a total value of £17,707.77. Also, insider Wendy Mars bought 123 shares of Rolls-Royce Holdings plc stock in a transaction on Tuesday, July 7th. The shares were acquired at an average price of GBX 1,483 per share, for a total transaction of £1,824.09. Insiders have purchased a total of 4,549 shares of company stock valued at $6,078,970 in the last ninety days. 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.