Rolls-Royce Holdings PLC (RYCEY) Rating Lowered to Hold at Zacks Investment Research
Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “
Several other research firms also recently issued reports on RYCEY. Deutsche Bank AG reaffirmed a “sell” rating on shares of Rolls-Royce Holdings PLC in a research note on Tuesday, August 16th. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holdings PLC in a research note on Thursday, July 28th. Finally, Morgan Stanley raised shares of Rolls-Royce Holdings PLC from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Rolls-Royce Holdings PLC has a consensus rating of “Hold” and a consensus price target of $275.00.
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) opened at 9.31 on Friday. Rolls-Royce Holdings PLC has a 52 week low of $7.33 and a 52 week high of $11.24. The stock’s 50 day moving average is $9.64 and its 200 day moving average is $9.61. The firm’s market cap is $17.18 billion.
An institutional investor recently bought a new position in Rolls-Royce Holdings PLC stock. Cascade Investment Advisors Inc. bought a new stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,175 shares of the company’s stock, valued at approximately $156,000. Institutional investors own 0.14% of the company’s stock.
Rolls-Royce Holdings PLC Company Profile
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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