Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Given Consensus Recommendation of “Buy” by Analysts

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities analysts have recently weighed in on RYCEY shares. Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. Wells Fargo & Company raised Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. Finally, BNP Paribas Exane began coverage on Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They set an “outperform” rating on the stock.

Rolls-Royce Holdings PLC Stock Up 0.1%

OTCMKTS RYCEY opened at $18.78 on Tuesday. 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 twelve month low of $11.88 and a twelve month high of $18.98. The stock has a fifty day simple moving average of $16.87 and a 200-day simple moving average of $16.70.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Several hedge funds have recently bought and sold shares of the company. Dorsey Wright & Associates acquired a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at about $1,558,000. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at about $1,690,000. Atlas Capital Advisors Inc. acquired a new stake in Rolls-Royce Holdings PLC in the 4th quarter valued at about $863,000. Ascentis Independent Advisors acquired a new stake in Rolls-Royce Holdings PLC in the 1st quarter valued at about $350,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Rolls-Royce Holdings PLC in the 1st quarter valued at about $1,963,000. Institutional investors and hedge funds own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Company Profile

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.