Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Coverage Initiated by Analysts at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) in a report released on Friday, MarketBeat.com reports. The firm issued an outperform rating on the aerospace company’s stock.

Separately, Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Price Performance

Shares of OTCMKTS:RYCEY opened at $17.95 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. Rolls-Royce Holdings PLC has a 1 year low of $11.56 and a 1 year high of $18.98. The firm has a fifty day moving average price of $16.32 and a 200 day moving average price of $16.31.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Several large investors have recently made changes to their positions in the company. AdvisorShares Investments LLC bought a new stake in Rolls-Royce Holdings PLC during the 3rd quarter worth approximately $1,077,000. Dorsey Wright & Associates bought a new position in Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,558,000. Bowen Hanes & Co. Inc. boosted its stake in Rolls-Royce Holdings PLC by 6.9% in 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 in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new position in Rolls-Royce Holdings PLC in the third quarter worth $1,690,000. Finally, Financially Speaking Inc bought a new stake in shares of Rolls-Royce Holdings PLC during the third quarter worth $1,808,000. Institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings PLC

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.