Rolls-Royce Group plc Downgraded by Investec to Add (RYCEY)
Rolls-Royce Group plc (NASDAQ:RYCEY) was downgraded by research analysts at Investec to an “add” rating in a report released on Monday, AnalystRatings.NET reports.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rolls-Royce Group plc in a research note to investors on Friday. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Rolls-Royce Group plc in a research note to investors on Thursday. Finally, analysts at Espirito Santo Investment Bank Research upgraded shares of Rolls-Royce Group plc to a “neutral” rating in a research note to investors on Monday, December 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Rolls-Royce Group plc presently has a consensus rating of “Hold” and an average price target of $1,174.50.
Rolls-Royce Group plc (NASDAQ:RYCEY) traded down 1.02% during mid-day trading on Monday, hitting $101.551. The stock had a trading volume of 11,635 shares. Rolls-Royce Group plc has a 52-week low of $71.76 and a 52-week high of $106.34. The stock’s 50-day moving average is $101.5 and its 200-day moving average is $93.54. The company has a market cap of $37.838 billion and a P/E ratio of 33.53.
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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