Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Upgraded at Berenberg Bank

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was upgraded by equities researchers at Berenberg Bank from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other research firms have also recently weighed in on RYCEY. BNP Paribas Exane initiated coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, May 29th. They set an “outperform” rating on the stock. Wells Fargo & Company raised shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Rolls-Royce Holdings PLC Stock Performance

RYCEY stock opened at $17.29 on Friday. The business has a 50 day moving average price of $16.57 and a 200 day moving average price of $16.47. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20. Rolls-Royce Holdings PLC has a fifty-two week low of $11.88 and a fifty-two week high of $18.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RYCEY. Rhumbline Advisers increased its holdings in shares of Rolls-Royce Holdings PLC by 1.5% in the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock valued at $1,103,000 after purchasing an additional 1,205 shares during the period. Bowen Hanes & Co. Inc. lifted its holdings in shares of Rolls-Royce Holdings PLC by 6.9% during the third quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock worth $70,006,000 after purchasing an additional 278,070 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new position in Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,690,000. Kelleher Financial Advisors purchased a new position in Rolls-Royce Holdings PLC in the 3rd quarter valued at $37,000. Finally, Financial Avengers Inc. increased its stake in Rolls-Royce Holdings PLC by 32.8% in the 3rd quarter. Financial Avengers Inc. now owns 66,400 shares of the aerospace company’s stock valued at $1,076,000 after buying an additional 16,400 shares during the period. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.