Zacks Investment Research Upgrades Rolls-Royce Holdings PLC (RYCEY) to Hold
Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
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. “
RYCEY has been the topic of a number of other research reports. 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. Deutsche Bank AG reiterated a “sell” rating on shares of Rolls-Royce Holdings PLC in a report on Saturday, November 19th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Rolls-Royce Holdings PLC presently has a consensus rating of “Hold” and a consensus target price of $10.00.
Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) opened at 8.51 on Tuesday. The company has a 50-day moving average of $0.00 and a 200-day moving average of $0.00. Rolls-Royce Holdings PLC has a 1-year low of $7.33 and a 1-year high of $11.10.
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A hedge fund recently bought a new stake in Rolls-Royce Holdings PLC stock. Foster Dykema Cabot & Co. Inc. MA acquired a new position in shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,000 shares of the company’s stock, valued at approximately $326,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
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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