JPMorgan Chase & Co. Boosts Rolls-Royce Holdings plc (LON:RR) Price Target to GBX 1,625

Rolls-Royce Holdings plc (LON:RRGet Free Report) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from GBX 1,500 to GBX 1,625 in a report issued on Monday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.56% from the company’s current price.

A number of other equities analysts have also recently issued reports on RR. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,530 price objective on shares of Rolls-Royce Holdings plc in a research report on Thursday, April 30th. Berenberg Bank boosted their target price on Rolls-Royce Holdings plc from GBX 1,270 to GBX 1,430 and gave the company a “buy” rating in a research report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Rolls-Royce Holdings plc has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,447.20.

Check Out Our Latest Stock Analysis on Rolls-Royce Holdings plc

Rolls-Royce Holdings plc Trading Down 1.8%

RR opened at GBX 1,406.20 on Monday. Rolls-Royce Holdings plc has a 1-year low of GBX 196.45 and a 1-year high of GBX 537.20. The company has a market cap of £120.60 billion, a P/E ratio of 51.26, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. The company has a fifty day moving average price of GBX 1,257.05 and a two-hundred day moving average price of GBX 1,236.93.

Insider Transactions at Rolls-Royce Holdings plc

In other news, insider Tufan Erginbilgic sold 3,516 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of GBX 1,303, for a total value of £45,813.48. Also, insider Angela Strank bought 2,373 shares of the stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of GBX 1,255 per share, with a total value of £29,781.15. Over the last 90 days, insiders have purchased 2,627 shares of company stock worth $3,286,709 and have sold 10,220 shares worth $12,429,390. 0.04% of the stock is owned by insiders.

Rolls-Royce Holdings plc Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Rolls-Royce Holdings plc (LON:RR)

Receive News & Ratings for Rolls-Royce Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holdings plc and related companies with MarketBeat.com's FREE daily email newsletter.