Shore Capital Downgrades Rolls-Royce Holdings plc (LON:RR) to Hold

Shore Capital downgraded shares of Rolls-Royce Holdings plc (LON:RR) to a hold rating in a research note released on Tuesday morning, MarketBeat.com reports.

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 900 ($11.66) price target on shares of Rolls-Royce Holdings plc in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Rolls-Royce Holdings plc presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 692.50 ($8.97).

Rolls-Royce Holdings plc Stock Up 4.5 %

Shares of RR stock opened at GBX 781 ($10.12) on Tuesday. The business has a 50-day moving average price of GBX 634.22 and a two-hundred day moving average price of GBX 573.26. Rolls-Royce Holdings plc has a 12-month low of GBX 196.45 ($2.54) and a 12-month high of GBX 537.20 ($6.96). The firm has a market cap of £66.98 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR) last issued its quarterly earnings results on Thursday, February 27th. The company reported GBX 20.29 ($0.26) earnings per share (EPS) 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 fiscal year.

Insider Transactions at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Wendy Mars purchased 303 shares of Rolls-Royce Holdings plc stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of GBX 603 ($7.81) per share, for a total transaction of £1,827.09 ($2,366.70). Also, insider Tufan Erginbilgic sold 12,969 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of GBX 588 ($7.62), for a total value of £76,257.72 ($98,779.43). Over the last quarter, insiders have purchased 7,069 shares of company stock worth $5,158,221. Company 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.