Rolls-Royce Holdings PLC (RYCEY) Given Consensus Rating of “Hold” by Brokerages
Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has received a consensus rating of “Hold” from the twelve brokerages that are covering the company. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $275.00.
Several equities analysts have commented on the company. Liberum Capital reissued a “hold” rating on shares of Rolls-Royce Holdings PLC in a research report on Thursday, July 28th. Zacks Investment Research lowered Rolls-Royce Holdings PLC from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Deutsche Bank AG reissued a “sell” rating on shares of Rolls-Royce Holdings PLC in a research report on Tuesday, August 16th. Finally, Morgan Stanley raised Rolls-Royce Holdings PLC from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, August 10th.
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) traded down 2.863% during trading on Tuesday, hitting $9.432. 21,917 shares of the company were exchanged. Rolls-Royce Holdings PLC has a 1-year low of $7.33 and a 1-year high of $11.24. The stock’s market capitalization is $17.40 billion. The company has a 50 day moving average of $9.76 and a 200-day moving average of $9.62.
A hedge fund recently bought a new stake in Rolls-Royce Holdings PLC stock. Cascade Investment Advisors Inc. purchased a new position in shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,175 shares of the company’s stock, valued at approximately $156,000. 0.14% of the stock is owned by institutional investors and hedge funds.
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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