Rolls-Royce Holding PLC (OTCMKTS:RYCEY) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Rolls-Royce Holding PLC (OTCMKTS:RYCEY) from a hold rating to a buy rating in a report published on Thursday, ValuEngine reports.

RYCEY has been the topic of a number of other reports. Zacks Investment Research lowered shares of Rolls-Royce Holding PLC from a hold rating to a sell rating in a research note on Tuesday, July 2nd. BNP Paribas raised shares of Rolls-Royce Holding PLC from a neutral rating to an outperform rating in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Rolls-Royce Holding PLC has an average rating of Hold and a consensus price target of $13.00.

Rolls-Royce Holding PLC stock traded down $0.24 during midday trading on Thursday, reaching $10.22. The company had a trading volume of 171,271 shares, compared to its average volume of 309,639. The company has a market capitalization of $19.58 billion, a P/E ratio of 48.67, a P/E/G ratio of 2.01 and a beta of 0.96. Rolls-Royce Holding PLC has a 12-month low of $9.50 and a 12-month high of $14.55. The business has a fifty day moving average of $10.97.

Institutional investors have recently modified their holdings of the stock. Canandaigua National Bank & Trust Co. purchased a new position in Rolls-Royce Holding PLC in the 2nd quarter valued at about $108,000. Park National Corp OH purchased a new position in Rolls-Royce Holding PLC in the 2nd quarter valued at about $127,000. Quadrant Capital Group LLC lifted its stake in Rolls-Royce Holding PLC by 108.4% in the 1st quarter. Quadrant Capital Group LLC now owns 19,386 shares of the aerospace company’s stock valued at $223,000 after buying an additional 10,085 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Rolls-Royce Holding PLC by 8.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 2,192,959 shares of the aerospace company’s stock valued at $25,943,000 after buying an additional 168,361 shares in the last quarter. 0.13% of the stock is currently owned by hedge funds and other institutional investors.

Rolls-Royce Holding PLC Company Profile

Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Rolls-Royce Holding PLC (OTCMKTS:RYCEY)

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