Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Upgraded to “Hold” at Zacks Investment Research

Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, 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 brokerages have also issued reports on RYCEY. Deutsche Bank Aktiengesellschaft decreased their price target on Rolls-Royce Holdings plc from GBX 110 ($1.36) to GBX 95 ($1.17) in a research note on Monday. Societe Generale decreased their price target on Rolls-Royce Holdings plc from GBX 121 ($1.49) to GBX 97 ($1.20) in a research note on Tuesday, March 1st. Finally, JPMorgan Chase & Co. decreased their price target on Rolls-Royce Holdings plc from GBX 75 ($0.92) to GBX 70 ($0.86) in a research note on Monday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $86.83.

RYCEY opened at $1.05 on Friday. Rolls-Royce Holdings plc has a 12 month low of $0.97 and a 12 month high of $1.99. The stock’s 50 day moving average price is $1.19 and its 200 day moving average price is $1.47.

An institutional investor recently bought a new position in Rolls-Royce Holdings plc stock. Yousif Capital Management LLC acquired a new position in shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 129,619 shares of the aerospace company’s stock, valued at approximately $210,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

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.

Read More