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 to clients and investors 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. “
Several other brokerages have also issued reports on RYCEY. Deutsche Bank AG reiterated a “sell” rating on shares of Rolls-Royce Holdings PLC in a research note on Saturday, November 19th. Morgan Stanley upgraded shares of Rolls-Royce Holdings PLC from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $10.00.
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) opened at 8.42 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.
An institutional investor recently bought a new position in Rolls-Royce Holdings PLC stock. Cascade Investment Advisors Inc. acquired a new position in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,175 shares of the company’s stock, valued at approximately $156,000. Institutional investors own 0.10% of the company’s stock.
About Rolls-Royce Holdings PLC