Zacks Investment Research lowered shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) from a buy rating to a hold rating in a research report report published on Saturday.
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 several other reports. Deutsche Bank AG reaffirmed a sell rating on shares of Rolls-Royce Holdings PLC in a report on Saturday, June 25th. 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. Finally, Liberum Capital reaffirmed a hold rating on shares of Rolls-Royce Holdings PLC in a report on Thursday, July 28th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company has a consensus rating of Hold and an average price target of $275.00.
Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) opened at 9.31 on Friday. Rolls-Royce Holdings PLC has a one year low of $7.33 and a one year high of $11.24. The company’s market capitalization is $17.18 billion. The company has a 50-day moving average price of $9.64 and a 200-day moving average price of $9.61.
A hedge fund recently bought a new stake in Rolls-Royce Holdings PLC stock. Cascade Investment Advisors Inc. acquired a new position in shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, according to its most recent filing with the SEC. The fund acquired 16,175 shares of the company’s stock, valued at approximately $156,000. Institutional investors and hedge funds own 0.14% of the company’s stock.
About Rolls-Royce Holdings PLC