Rolls-Royce Holdings PLC (RYCEY) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) from a hold rating to a buy rating in a report issued on Thursday. They currently have $10.00 price target on the stock.
According to Zacks, “ROLLS ROYCE, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets – civil aerospace, defence aerospace, marine and energy. It continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry. “
Other analysts also recently issued reports about the company. Deutsche Bank AG restated a sell rating on shares of Rolls-Royce Holdings PLC in a research note on Saturday, June 25th. Morgan Stanley upgraded Rolls-Royce Holdings PLC from an underweight rating to an equal weight rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. restated a neutral rating on shares of Rolls-Royce Holdings PLC in a research note on Friday, June 3rd. Finally, Liberum Capital restated a hold rating on shares of Rolls-Royce Holdings PLC in a research note on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $275.00.
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) traded up 0.98% on Thursday, reaching $9.24. The company’s stock had a trading volume of 100 shares. Rolls-Royce Holdings PLC has a 1-year low of $7.33 and a 1-year high of $11.62. The stock has a 50-day moving average price of $9.91 and a 200-day moving average price of $9.64. The company’s market capitalization is $17.05 billion.
A hedge fund recently bought a new stake in Rolls-Royce Holdings PLC stock. Cascade Investment Advisors Inc. bought a new stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,175 shares of the company’s stock, valued at approximately $156,000. 0.14% of the stock is owned by institutional investors.
About Rolls-Royce Holdings PLC
Rolls-Royce Holdings plc is a provider of an integrated power and propulsion solutions. The Company operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses. Its civil aerospace business is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services.
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