Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Rating Lowered to Underweight at JPMorgan Chase & Co.

Rolls-Royce Holdings plc (OTCMKTS:RYCEYGet Rating) was downgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Tuesday, The Fly reports.

Several other analysts also recently issued reports on RYCEY. Exane BNP Paribas downgraded Rolls-Royce Holdings plc from a “neutral” rating to an “underperform” rating and set a GBX 125 ($1.63) price target for the company. in a research note on Friday, January 14th. Zacks Investment Research upgraded Rolls-Royce Holdings plc from a “sell” rating to a “hold” rating in a research note on Thursday, April 7th. Deutsche Bank Aktiengesellschaft reduced their price target on Rolls-Royce Holdings plc from GBX 130 ($1.69) to GBX 110 ($1.43) in a research note on Wednesday, April 6th. Societe Generale reduced their price target on Rolls-Royce Holdings plc from GBX 121 ($1.58) to GBX 97 ($1.26) in a research note on Tuesday, March 1st. Finally, Morgan Stanley reduced their price target on Rolls-Royce Holdings plc from GBX 134 ($1.75) to GBX 132 ($1.72) in a research note on Wednesday, January 19th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rolls-Royce Holdings plc has an average rating of “Hold” and an average target price of $101.00.

Shares of OTCMKTS RYCEY opened at $1.22 on Tuesday. The stock has a 50 day moving average of $1.37 and a 200-day moving average of $1.61. Rolls-Royce Holdings plc has a 12 month low of $1.16 and a 12 month high of $1.99.

An institutional investor recently bought a new position in Rolls-Royce Holdings plc stock. Yousif Capital Management LLC purchased a new position in shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEYGet Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 129,619 shares of the aerospace company’s stock, valued at approximately $210,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

About Rolls-Royce Holdings plc (Get Rating)

Rolls-Royce Holdings plc operates as an industrial technology company in the United Kingdom and internationally. The company operates in four segments: Civil Aerospace, Power Systems, Defence, and New Markets. The Civil Aerospace segment develops, manufactures, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

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Analyst Recommendations for Rolls-Royce Holdings plc (OTCMKTS:RYCEY)

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