Rolls-Royce Holding PLC (OTCMKTS:RYCEY) Lifted to “Hold” at 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. “
Separately, ValuEngine raised shares of Rolls-Royce Holding PLC from a hold rating to a buy rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $13.00.
Institutional investors have recently added to or reduced their stakes in the business. Canandaigua National Bank & Trust Co. acquired a new position in Rolls-Royce Holding PLC during the 2nd quarter valued at about $108,000. Park National Corp OH acquired a new position in Rolls-Royce Holding PLC during the 2nd quarter valued at about $127,000. Finally, Parametric Portfolio Associates LLC increased its stake in Rolls-Royce Holding PLC by 8.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,192,959 shares of the aerospace company’s stock valued at $25,943,000 after buying an additional 168,361 shares during the period. 0.14% of the stock is currently owned by hedge funds and other institutional investors.
Rolls-Royce Holding PLC Company Profile
Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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