Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Given Consensus Recommendation of “Hold” by Analysts

Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $116.00.

A number of brokerages have recently weighed in on RYCEY. Morgan Stanley reduced their price target on shares of Rolls-Royce Holdings plc from GBX 134 ($1.71) to GBX 132 ($1.68) in a research note on Wednesday, January 19th. Societe Generale dropped their target price on shares of Rolls-Royce Holdings plc from GBX 121 ($1.54) to GBX 97 ($1.24) in a report on Tuesday, March 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Rolls-Royce Holdings plc from GBX 130 ($1.66) to GBX 110 ($1.40) in a report on Wednesday, April 6th. Zacks Investment Research upgraded shares of Rolls-Royce Holdings plc from a “sell” rating to a “hold” rating in a report on Thursday, April 21st. Finally, JPMorgan Chase & Co. downgraded shares of Rolls-Royce Holdings plc from a “neutral” rating to an “underweight” rating in a report on Tuesday, April 12th.

An institutional investor recently bought a new position in Rolls-Royce Holdings plc stock. Yousif Capital Management LLC purchased a new stake in shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 129,619 shares of the aerospace company’s stock, valued at approximately $210,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Shares of OTCMKTS:RYCEY opened at $1.06 on Friday. The company has a 50 day moving average of $1.27 and a 200-day moving average of $1.55. Rolls-Royce Holdings plc has a twelve month low of $1.05 and a twelve month high of $1.99.

Rolls-Royce Holdings plc Company Profile (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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