Rolls-Royce Holdings PLC (RYCEY) Receives Average Recommendation of “Hold” from Brokerages
Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm. Four investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company.
A number of equities research analysts have recently weighed in on RYCEY shares. Liberum Capital restated a “hold” rating on shares of Rolls-Royce Holdings PLC in a report on Thursday, July 28th. Deutsche Bank AG restated a “sell” rating on shares of Rolls-Royce Holdings PLC in a report on Tuesday, August 16th. Morgan Stanley upgraded shares of Rolls-Royce Holdings PLC from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research upgraded shares of Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Thursday, September 29th.
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) opened at 8.79 on Tuesday. The stock’s 50 day moving average is $9.31 and its 200 day moving average is $9.54. Rolls-Royce Holdings PLC has a 52-week low of $7.33 and a 52-week high of $11.10.
An institutional investor recently bought a new position in Rolls-Royce Holdings PLC stock. Cascade Investment Advisors Inc. bought a new position in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 16,175 shares of the company’s stock, valued at approximately $156,000. 0.10% of the stock is owned by hedge funds and other 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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