Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Receives Average Rating of “Moderate Buy” from Brokerages

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several research analysts have recently issued reports on RYCEY shares. Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC to a “hold” rating in a report on Monday, October 20th. Royal Bank Of Canada began coverage on shares of Rolls-Royce Holdings PLC in a research report on Tuesday, November 18th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group initiated coverage on Rolls-Royce Holdings PLC in a report on Friday, September 19th. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Bowen Hanes & Co. Inc. purchased a new stake in Rolls-Royce Holdings PLC in the first quarter valued at approximately $27,782,000. Financially Speaking Inc acquired a new position in shares of Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,808,000. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,690,000. Dorsey Wright & Associates acquired a new stake in Rolls-Royce Holdings PLC during the 3rd quarter worth $1,558,000. Finally, AdvisorShares Investments LLC acquired a new stake in Rolls-Royce Holdings PLC during the 3rd quarter worth $1,077,000. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Price Performance

Shares of RYCEY opened at $14.94 on Friday. Rolls-Royce Holdings PLC has a 52-week low of $6.80 and a 52-week high of $16.27. The stock has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.31.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.