Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Given Average Recommendation of “Hold” by Brokerages

Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $125.00.

A number of analysts recently weighed in on RYCEY shares. Jefferies Financial Group raised shares of Rolls-Royce Holdings plc from a “hold” rating to a “buy” rating in a report on Monday, January 2nd. Bank of America raised shares of Rolls-Royce Holdings plc from an “underperform” rating to a “buy” rating in a research note on Monday, February 27th. Barclays cut shares of Rolls-Royce Holdings plc from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Rolls-Royce Holdings plc from GBX 136 ($1.66) to GBX 160 ($1.95) in a research note on Wednesday, March 1st. Finally, BNP Paribas raised shares of Rolls-Royce Holdings plc from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 24th.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

An institutional investor recently bought a new position in Rolls-Royce Holdings plc stock. Boothe Investment Group Inc. acquired a new position in Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 93,771 shares of the aerospace company’s stock, valued at approximately $15,464,000. Rolls-Royce Holdings plc comprises approximately 10.0% of Boothe Investment Group Inc.’s investment portfolio, making the stock its 2nd largest holding.

Rolls-Royce Holdings plc Stock Down 4.6 %

RYCEY stock opened at $1.67 on Friday. Rolls-Royce Holdings plc has a fifty-two week low of $0.71 and a fifty-two week high of $1.88. The firm’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.14.

About Rolls-Royce Holdings plc

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Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense and ITP Aero. The Civil Aerospace segment offers commercial aero engines and aftermarket services.