Rolls-Royce Holdings PLC (RYCEY) Upgraded to “Hold” by Zacks Investment Research
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. “
A number of other brokerages have also recently commented on RYCEY. Deutsche Bank AG reaffirmed a sell rating on shares of Rolls-Royce Holdings PLC in a report on Tuesday, August 16th. Morgan Stanley raised shares of Rolls-Royce Holdings PLC from an underweight rating to an equal weight rating in a report on Wednesday, August 10th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $10.00.
Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) opened at 8.475 on Tuesday. Rolls-Royce Holdings PLC has a one year low of $7.33 and a one year high of $11.10. The stock’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00.
An institutional investor recently bought a new position in Rolls-Royce Holdings PLC stock. Cascade Investment Advisors Inc. purchased a new stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 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.
Rolls-Royce Holdings PLC Company Profile
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.
Receive News & Stock Ratings for Rolls-Royce Holdings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holdings PLC and related stocks with our FREE daily email newsletter.