Rolls-Royce (OTCMKTS:RYCEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $13.00 price objective on the aerospace company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 5.18% from the stock’s previous close.
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. “
Separately, Deutsche Bank upgraded Rolls-Royce from a “sell” rating to a “hold” rating in a research note on Friday, December 15th.
An institutional investor recently bought a new position in Rolls-Royce stock. Dorsey Wright & Associates bought a new position in shares of Rolls-Royce Holding PLC (OTCMKTS:RYCEY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 330,837 shares of the aerospace company’s stock, valued at approximately $3,962,000. 0.10% of the stock is currently owned by institutional investors.
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Rolls-Royce Company Profile
Rolls-Royce Holdings plc is a United Kingdom-based engineering company. The Company is focused on power and propulsion systems. Its segments include Civil Aerospace, which is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services; Defence Aerospace, which is engaged in the development, manufacture, marketing and sales of military aero engines and aftermarket services, and caters to sectors, including combat aircraft, trainer aircraft and helicopters; Power Systems, which is engaged in the development, manufacture, marketing and sales of reciprocating engines and power systems; Marine, which is engaged in the development, manufacture, marketing and sales of marine-power propulsion systems and aftermarket services, operating in offshore, merchant and naval markets, and Nuclear, which is engaged in the development, manufacture, marketing and sales of nuclear systems for civil power generation and naval propulsion systems.
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