Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Receives Average Rating of “Moderate Buy” from Analysts

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

RYCEY has been the topic of a number of research analyst reports. Royal Bank Of Canada began coverage on shares of Rolls-Royce Holdings PLC in a research report on Tuesday. They set an “outperform” rating on the stock. Berenberg Bank raised Rolls-Royce Holdings PLC to a “hold” rating in a research report on Monday, October 20th. Finally, The Goldman Sachs Group started coverage on Rolls-Royce Holdings PLC in a research note on Friday, September 19th. They issued a “buy” rating on the stock.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of institutional investors and hedge funds have recently modified their holdings of RYCEY. L & S Advisors Inc acquired a new stake in shares of Rolls-Royce Holdings PLC during the 1st quarter worth approximately $2,427,000. Bowen Hanes & Co. Inc. acquired a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter valued at $27,782,000. GAMMA Investing LLC boosted its stake in Rolls-Royce Holdings PLC by 17.4% during the second quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company’s stock worth $461,000 after acquiring an additional 5,099 shares in the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in Rolls-Royce Holdings PLC in the second quarter worth $174,000. Finally, Yousif Capital Management LLC grew its holdings in Rolls-Royce Holdings PLC by 7.8% in the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock worth $1,419,000 after purchasing an additional 7,705 shares during the period. 0.07% of the stock is currently owned by institutional investors.

Rolls-Royce Holdings PLC Trading Down 1.5%

RYCEY opened at $14.36 on Tuesday. Rolls-Royce Holdings PLC has a twelve month low of $6.70 and a twelve month high of $16.27. The company has a fifty day moving average of $15.41 and a 200-day moving average of $13.81.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.