Rolls-Royce Holdings plc (LON:RR) Rating Lowered to Hold at Shore Capital

Rolls-Royce Holdings plc (LON:RR) was downgraded by investment analysts at Shore Capital to a “hold” rating in a research report issued on Tuesday,Digital Look reports.

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 900 ($11.59) target price on shares of Rolls-Royce Holdings plc in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 692.50 ($8.92).

Rolls-Royce Holdings plc Trading Down 8.6 %

Shares of Rolls-Royce Holdings plc stock traded down GBX 68.60 ($0.88) during midday trading on Tuesday, reaching GBX 732.80 ($9.43). The company had a trading volume of 109,150,124 shares. The stock has a fifty day simple moving average of GBX 623.14 and a 200 day simple moving average of GBX 568.91. Rolls-Royce Holdings plc has a 1-year low of GBX 196.45 ($2.53) and a 1-year high of GBX 537.20 ($6.92). The company has a market capitalization of £62.85 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82.

Rolls-Royce Holdings plc (LON:RR) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 20.29 ($0.26) earnings per share for the quarter. Rolls-Royce Holdings plc had a net margin of 13.08% and a negative return on equity of 78.08%. Sell-side analysts expect that Rolls-Royce Holdings plc will post 8.5952 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Angela Strank acquired 6,740 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of GBX 736 ($9.48) per share, for a total transaction of £49,606.40 ($63,868.16). Also, insider Wendy Mars bought 303 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of GBX 603 ($7.76) per share, for a total transaction of £1,827.09 ($2,352.38). In the last 90 days, insiders bought 7,069 shares of company stock worth $5,158,221. Corporate 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.