JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Rolls-Royce Holdings plc (LON:RR) Stock

Key Points

• JPMorgan Chase & Co. raised the price target for Rolls-Royce Holdings plc from GBX 1,040 to GBX 1,245, indicating a potential upside of 16.19% from its current price.
• Deutsche Bank also increased its price target for the company, setting it at GBX 1,220 while maintaining a "buy" rating, amidst generally positive analyst sentiment with an average rating of "Moderate Buy."
• Insider purchases included acquisitions by Angela Strank and Birgit Behrendt, reflecting continued confidence in the company's stock despite the complexity of its recent financial performance.

Rolls-Royce Holdings plc (LON:RR - Free Report) had its target price boosted by JPMorgan Chase & Co. from GBX 1,040 ($14.12) to GBX 1,245 ($16.91) in a research report released on Monday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms have also recently commented on RR. Shore Capital reiterated a "hold" rating on shares of Rolls-Royce Holdings plc in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on Rolls-Royce Holdings plc from GBX 1,000 ($13.58) to GBX 1,220 ($16.57) and gave the company a "buy" rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. 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 976.20 ($13.26).

Rolls-Royce Holdings plc Stock Down 0.8%

LON:RR traded down GBX 9 ($0.12) during midday trading on Monday, reaching GBX 1,081.50 ($14.69). The stock had a trading volume of 1 shares. The firm has a fifty day simple moving average of GBX 967.36 and a two-hundred day simple moving average of GBX 812.60. Rolls-Royce Holdings plc has a 12-month low of GBX 196.45 ($2.67) and a 12-month high of GBX 537.20 ($7.29). The stock has a market cap of £92.75 billion, a P/E ratio of 39.42, a P/E/G ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported GBX 15.74 ($0.21) EPS for the quarter. Rolls-Royce Holdings plc had a negative return on equity of 78.08% and a net margin of 13.08%. On average, sell-side analysts anticipate that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current fiscal year.

Insider Buying and Selling at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Tufan Erginbilgic sold 7,763 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of GBX 985 ($13.38), for a total transaction of £76,465.55 ($103,836.98). Also, insider Wendy Mars bought 188 shares of the company's stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of GBX 969 ($13.16) per share, for a total transaction of £1,821.72 ($2,473.82). In the last ninety days, insiders have bought 3,377 shares of company stock worth $2,969,727 and have sold 27,122 shares worth $25,316,993. 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.