Rolls-Royce Group plc Rating Reiterated by Bank of America Corp. (RYCEY)
Rolls-Royce Group plc (NASDAQ:RYCEY)‘s stock had its “buy” rating restated by stock analysts at Bank of America Corp. in a report issued on Tuesday, AnalystRatings.Net reports. They currently have a $1,370.00 price target on the stock.
Rolls-Royce Group plc (NASDAQ:RYCEY) traded up 1.34% during mid-day trading on Tuesday, hitting $92.57. 95,743 shares of the company’s stock traded hands. Rolls-Royce Group plc has a 52 week low of $66.95 and a 52 week high of $95.64. The stock has a 50-day moving average of $88.84 and a 200-day moving average of $89.12. The company has a market cap of $34.492 billion and a price-to-earnings ratio of 29.85.
A number of other analysts have also recently weighed in on RYCEY. Analysts at Jefferies Group raised their price target on shares of Rolls-Royce Group plc (NASDAQ:RYCEY) from $1,250.00 to $1,400.00 in a research note to investors on Tuesday, September 24th. They now have a “buy” rating on the stock. Separately, analysts at Charles Stanley reiterated an “accumulate” rating on shares of Rolls-Royce Group plc (NASDAQ:RYCEY) in a research note to investors on Thursday, September 19th. Finally, analysts at Investec downgraded shares of Rolls-Royce Group plc (NASDAQ:RYCEY) to an “add” rating in a research note to investors on Wednesday, September 18th. They now have a $1,180.00 price target on the stock, down previously from $1,340.00. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $1,188.85.
Rolls-Royce Holdings plc, formerly Rolls-Royce Group plc is a provider of power systems and services for use on land, at sea and in the air.
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