Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Rating Lowered to Sell at Zacks Investment Research

Rolls-Royce Holdings plc (OTCMKTS:RYCEYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Several other brokerages also recently weighed in on RYCEY. Societe Generale cut their price target on Rolls-Royce Holdings plc from GBX 121 ($1.58) to GBX 97 ($1.26) in a research report on Tuesday, March 1st. Exane BNP Paribas lowered shares of Rolls-Royce Holdings plc from a “neutral” rating to an “underperform” rating and set a GBX 125 ($1.63) target price on the stock. in a research note on Friday, January 14th. JPMorgan Chase & Co. lowered shares of Rolls-Royce Holdings plc from a “neutral” rating to an “underweight” rating in a research note on Tuesday. Morgan Stanley lowered their target price on shares of Rolls-Royce Holdings plc from GBX 134 ($1.75) to GBX 132 ($1.72) in a research note on Wednesday, January 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Rolls-Royce Holdings plc from GBX 130 ($1.69) to GBX 110 ($1.43) in a research note on Wednesday, April 6th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Rolls-Royce Holdings plc presently has a consensus rating of “Hold” and an average target price of $101.00.

Shares of RYCEY opened at $1.25 on Wednesday. The business’s 50-day moving average is $1.37 and its two-hundred day moving average is $1.61. Rolls-Royce Holdings plc has a fifty-two week low of $1.16 and a fifty-two week high of $1.99.

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

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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