Zacks Investment Research upgraded shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) from a hold rating to a buy rating in a research report report published on Thursday morning. The brokerage currently has $10.00 price target on the stock.
According to Zacks, “ROLLS ROYCE, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets – civil aerospace, defence aerospace, marine and energy. It continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry. “
Other equities research analysts also recently issued reports about the company. Morgan Stanley raised Rolls-Royce Holdings PLC from an underweight rating to an equal weight rating in a research report on Wednesday, August 10th. Liberum Capital reissued a hold rating on shares of Rolls-Royce Holdings PLC in a research report on Thursday, July 28th. JPMorgan Chase & Co. reissued a neutral rating on shares of Rolls-Royce Holdings PLC in a research report on Friday, June 3rd. Finally, Deutsche Bank AG reissued a sell rating on shares of Rolls-Royce Holdings PLC in a research report on Tuesday, August 16th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $275.00.
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) traded up 0.98% during midday trading on Thursday, hitting $9.24. The stock had a trading volume of 100 shares. Rolls-Royce Holdings PLC has a 1-year low of $7.33 and a 1-year high of $11.62. The firm has a 50-day moving average price of $9.91 and a 200-day moving average price of $9.64. The firm’s market cap is $17.05 billion.
An institutional investor recently bought a new position in Rolls-Royce Holdings PLC stock. Cascade Investment Advisors Inc. bought a new position in shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,175 shares of the company’s stock, valued at approximately $156,000. Institutional investors own 0.14% of the company’s stock.
Rolls-Royce Holdings PLC Company Profile
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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