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

Rolls-Royce Holdings plc (LON:RR) had its price target increased 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 firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 15.56% from the stock’s previous close.

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

Rolls-Royce Holdings plc Price Performance

Shares of LON:RR opened at GBX 1,406.20 on Monday. The company has a market capitalization of £120.60 billion, a PE ratio of 51.26, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. The business 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. Rolls-Royce Holdings plc has a 1 year low of GBX 196.45 and a 1 year high of GBX 537.20.

Insider Activity at Rolls-Royce Holdings plc

In other Rolls-Royce Holdings plc news, insider Wendy Mars acquired 151 shares of Rolls-Royce Holdings plc stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average cost of GBX 1,213 per share, for a total transaction of £1,831.63. Also, insider Tufan Erginbilgic sold 3,516 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of GBX 1,303, for a total transaction of £45,813.48. In the last ninety days, insiders bought 2,627 shares of company stock worth $3,286,709 and sold 10,220 shares worth $12,429,390. 0.04% of the stock is owned by corporate insiders.

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. 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.