Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Stock Rating Upgraded by Berenberg Bank

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was upgraded by research analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a research note issued on Friday.

RYCEY has been the subject of several other reports. Wells Fargo & Company raised Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. BNP Paribas Exane assumed coverage on Rolls-Royce Holdings PLC in a report on Friday, May 29th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Rolls-Royce Holdings PLC presently has an average rating of “Buy”.

Rolls-Royce Holdings PLC Stock Performance

Shares of RYCEY opened at $17.29 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $16.57 and its two-hundred day moving average is $16.47. Rolls-Royce Holdings PLC has a twelve month low of $11.88 and a twelve month high of $18.98.

Institutional Trading of Rolls-Royce Holdings PLC

Several institutional investors and hedge funds have recently modified their holdings of RYCEY. Rhumbline Advisers increased its stake in shares of Rolls-Royce Holdings PLC by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock worth $1,103,000 after purchasing an additional 1,205 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Rolls-Royce Holdings PLC by 30.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock worth $112,000 after buying an additional 1,658 shares in the last quarter. AdvisorShares Investments LLC grew its holdings in shares of Rolls-Royce Holdings PLC by 2.8% during the fourth quarter. AdvisorShares Investments LLC now owns 68,381 shares of the aerospace company’s stock worth $1,075,000 after buying an additional 1,881 shares in the last quarter. Dorsey Wright & Associates raised its position in shares of Rolls-Royce Holdings PLC by 2.2% in the fourth quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock valued at $1,537,000 after buying an additional 2,117 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Rolls-Royce Holdings PLC in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings PLC

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.