Rolls-Royce Holdings plc's (RR) Hold Rating Reiterated at Shore Capital

Key Points

• Shore Capital has reaffirmed a "hold" rating for Rolls-Royce Holdings plc amidst a consensus rating of "Moderate Buy" from analysts.
• JPMorgan Chase & Co. set a price target of GBX 1,040 ($13.79) for Rolls-Royce shares, which opened at GBX 988 ($13.10).
• Insider trading activity showed purchases of 126 shares by Birgit Behrendt and sales of 7,763 shares by Tufan Erginbilgic, indicating varied sentiment among company insiders.

Rolls-Royce Holdings plc (LON:RR - Get Free Report)'s stock had its "hold" rating restated by analysts at Shore Capital in a note issued to investors on Thursday, MarketBeat reports.

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 1,040 ($13.80) price objective on shares of Rolls-Royce Holdings plc in a research note on Monday, July 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Rolls-Royce Holdings plc presently has a consensus rating of "Moderate Buy" and an average price target of GBX 727.50 ($9.66).

Rolls-Royce Holdings plc Price Performance

Shares of RR stock traded down GBX 7 ($0.09) during trading hours on Thursday, reaching GBX 1,065 ($14.14). 16,583,070 shares of the company's stock were exchanged. The company has a market cap of £91.34 billion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. The company's 50 day moving average is GBX 931.85 and its two-hundred day moving average is GBX 786.97. Rolls-Royce Holdings plc has a 1 year low of GBX 196.45 ($2.61) and a 1 year high of GBX 537.20 ($7.13).

Rolls-Royce Holdings plc (LON:RR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported GBX 15.74 ($0.21) 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, analysts predict that Rolls-Royce Holdings plc will post 8.5952 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Birgit Behrendt bought 126 shares of the stock in a transaction on Monday, June 9th. The shares were purchased at an average price of GBX 875 ($11.61) per share, for a total transaction of £1,102.50 ($1,463.37). Also, insider Wendy Mars acquired 209 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were acquired at an average price of GBX 875 ($11.61) per share, for a total transaction of £1,828.75 ($2,427.33). In the last 90 days, insiders have bought 3,189 shares of company stock worth $2,787,555 and have sold 27,122 shares worth $25,316,993. 0.04% of the stock is 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.