J.P. Morgan Sticks to Its Buy Rating for Rolls-Royce Holdings (RYCEF)
In a report released today, David Perry from J.P. Morgan maintained a Buy rating on Rolls-Royce Holdings, with a price target of £13.20.
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Perry covers the Industrials sector, focusing on stocks such as Rheinmetall, Airbus Group SE, and HENSOLDT AG. According to TipRanks, Perry has an average return of 13.4% and a 60.89% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rolls-Royce Holdings with a $16.69 average price target.
Based on Rolls-Royce Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p9.49 billion and a net profit of p4.42 billion. In comparison, last year the company earned a revenue of p8.86 billion and had a net profit of p1.15 billion
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RYCEF in relation to earlier this year.
Read More on RYCEF:
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- Xanadu, Rolls-Royce, Riverlane complete project on jet engine airflow simulation
- Rolls-Royce initiated with an Outperform at RBC Capital
- Rolls-Royce price target raised to EUR 1,280 from EUR 1,275 at Morgan Stanley
- Positive Outlook for Rolls-Royce Holdings Amidst Strategic Growth and Robust Demand
- Rolls-Royce upgraded to Hold from Sell at Berenberg
