Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the stock. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $275.00.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Rolls-Royce Holdings PLC from a “buy” rating to a “hold” rating in a report on Friday, July 8th. Deutsche Bank AG reissued a “sell” rating on shares of Rolls-Royce Holdings PLC in a report on Saturday, June 25th. Morgan Stanley raised shares of Rolls-Royce Holdings PLC from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 10th. Finally, Liberum Capital reissued a “hold” rating on shares of Rolls-Royce Holdings PLC in a report on Thursday, July 28th.
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) opened at 9.21 on Tuesday. The company’s 50-day moving average is $9.67 and its 200-day moving average is $9.61. The company’s market capitalization is $16.99 billion. Rolls-Royce Holdings PLC has a one year low of $7.33 and a one year high of $11.24.
A hedge fund recently bought a new stake in Rolls-Royce Holdings PLC stock. Carnick & Kubik LLC purchased a new position in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,850 shares of the company’s stock, valued at approximately $283,000. Hedge funds and other institutional investors own 0.14% of the company’s stock.
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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