Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Upgraded at Zacks Investment Research

Rolls-Royce Holdings plc (OTCMKTS:RYCEYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, 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. “

A number of other research firms also recently commented on RYCEY. Morgan Stanley cut their target price on shares of Rolls-Royce Holdings plc from GBX 134 ($1.71) to GBX 132 ($1.68) in a research report on Wednesday, January 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Rolls-Royce Holdings plc from GBX 130 ($1.66) to GBX 110 ($1.40) in a research report on Wednesday, April 6th. Societe Generale cut their target price on shares of Rolls-Royce Holdings plc from GBX 121 ($1.54) to GBX 97 ($1.24) in a research report on Tuesday, March 1st. Exane BNP Paribas downgraded shares of Rolls-Royce Holdings plc from a “neutral” rating to an “underperform” rating and set a GBX 125 ($1.59) price objective on the stock. in a research report on Friday, January 14th. Finally, JPMorgan Chase & Co. downgraded shares of Rolls-Royce Holdings plc from a “neutral” rating to an “underweight” rating in a research report on Tuesday, April 12th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.00.

OTCMKTS RYCEY opened at $1.06 on Friday. The company’s 50-day simple moving average is $1.27 and its two-hundred day simple moving average is $1.55. Rolls-Royce Holdings plc has a one year low of $1.05 and a one year high of $1.99.

An institutional investor recently bought a new position in Rolls-Royce Holdings plc stock. Yousif Capital Management LLC bought a new position in shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEYGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 129,619 shares of the aerospace company’s stock, valued at approximately $210,000. 0.02% of the stock is owned by institutional investors.

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

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