Rolls-Royce Holdings PLC (RYCEY) Given Consensus Rating of “Hold” by Brokerages
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) have received an average rating of “Hold” from the twelve analysts that are presently covering the company. Four equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $275.00.
RYCEY has been the topic of several analyst reports. Deutsche Bank AG reaffirmed a “sell” rating on shares of Rolls-Royce Holdings PLC in a report on Tuesday, August 16th. Liberum Capital reaffirmed a “hold” rating on shares of Rolls-Royce Holdings PLC in a report on Thursday, July 28th. Morgan Stanley raised Rolls-Royce Holdings PLC from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research raised Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Thursday, September 29th.
A hedge fund recently bought a new stake 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 Form 13F filing with the SEC. The fund acquired 16,175 shares of the company’s stock, valued at approximately $156,000. Institutional investors own 0.14% of the company’s stock.
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Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) traded down 2.863% during mid-day trading on Tuesday, hitting $9.432. The stock had a trading volume of 21,917 shares. The firm has a 50 day moving average of $9.76 and a 200-day moving average of $9.62. Rolls-Royce Holdings PLC has a one year low of $7.33 and a one year high of $11.24. The stock’s market cap is $17.40 billion.
About Rolls-Royce Holdings PLC
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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