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. “
A number of other research analysts have also recently commented on RYCEY. Liberum Capital restated a hold rating on shares of Rolls-Royce Holdings PLC in a report on Thursday, July 28th. Morgan Stanley upgraded shares of Rolls-Royce Holdings PLC from an underweight rating to an equal weight rating in a report on Wednesday, August 10th. Finally, Deutsche Bank AG restated a sell rating on shares of Rolls-Royce Holdings PLC in a report on Tuesday, August 16th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Rolls-Royce Holdings PLC currently has an average rating of Hold and a consensus price target of $275.00.
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) opened at 9.31 on Friday. The firm’s 50-day moving average is $9.64 and its 200-day moving average is $9.61. The company’s market capitalization is $17.18 billion. Rolls-Royce Holdings PLC has a 1-year low of $7.33 and a 1-year high of $11.24.
An institutional investor recently bought a new position in Rolls-Royce Holdings PLC stock. Cascade Investment Advisors Inc. acquired a new position in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,175 shares of the company’s stock, valued at approximately $156,000. 0.14% of the stock is owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rolls-Royce Holdings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holdings PLC and related companies with MarketBeat.com's FREE daily email newsletter.