Roche Holding AG (OTCMKTS:RHHBY) Given Average Recommendation of “Hold” by Analysts

Shares of Roche Holding AG (OTCMKTS:RHHBY) have received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating on the company.

A number of research firms have commented on RHHBY. Morgan Stanley began coverage on Roche in a research note on Wednesday, February 12th. They set an “equal weight” rating on the stock. Sanford C. Bernstein upgraded Roche to a “strong-buy” rating in a research note on Thursday, January 30th. HSBC lowered Roche from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group upgraded Roche from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 13th. Finally, Hsbc Global Res lowered Roche from a “strong-buy” rating to a “hold” rating in a research note on Monday.

Hedge Funds Weigh In On Roche

A number of hedge funds have recently bought and sold shares of RHHBY. Bard Financial Services Inc. raised its stake in shares of Roche by 156.8% during the 3rd quarter. Bard Financial Services Inc. now owns 80,500 shares of the company’s stock worth $3,216,000 after purchasing an additional 49,150 shares during the period. Confluence Investment Management LLC boosted its holdings in Roche by 26.3% in the 4th quarter. Confluence Investment Management LLC now owns 13,981 shares of the company’s stock worth $488,000 after buying an additional 2,910 shares during the period. Diversified Trust Co boosted its holdings in Roche by 1.2% in the 4th quarter. Diversified Trust Co now owns 60,453 shares of the company’s stock worth $2,130,000 after buying an additional 711 shares during the period. Brooklyn Investment Group boosted its holdings in Roche by 36.6% in the 4th quarter. Brooklyn Investment Group now owns 1,354 shares of the company’s stock worth $48,000 after buying an additional 363 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in Roche by 0.9% in the 4th quarter. Hantz Financial Services Inc. now owns 33,708 shares of the company’s stock valued at $1,176,000 after purchasing an additional 305 shares during the period.

Roche Price Performance

RHHBY opened at $40.77 on Monday. The business has a 50 day moving average of $40.73 and a 200-day moving average of $38.62. The company has a quick ratio of 0.97, a current ratio of 1.26 and a debt-to-equity ratio of 0.86. Roche has a 12-month low of $29.20 and a 12-month high of $44.31.

About Roche

Roche Holding AG engages in the pharmaceuticals and diagnostics businesses in Europe, North America, Latin America, Asia, Africa, Australia, and Oceania. The company offers pharmaceutical products in the therapeutic areas of anemia, blood and solid tumors, dermatology, hemophilia, inflammatory and autoimmune, neurological disorders, ophthalmology, respiratory disorders, and transplantation.