Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was upgraded by equities researchers at Redburn Partners from a “neutral” rating to a “buy” rating in a report released on Friday, Analyst Price Targets reports.
A number of other equities research analysts have also recently weighed in on RYCEY. Zacks Investment Research cut Rolls-Royce Holdings plc from a “buy” rating to a “hold” rating in a report on Tuesday, September 21st. Societe Generale reissued a “sell” rating on shares of Rolls-Royce Holdings plc in a report on Friday, August 6th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Rolls-Royce Holdings plc in a research note on Friday, July 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Rolls-Royce Holdings plc in a research report on Tuesday, August 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rolls-Royce Holdings plc in a report on Monday, August 9th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1.50.
Shares of Rolls-Royce Holdings plc stock opened at $1.78 on Friday. The company has a 50-day moving average of $1.47 and a two-hundred day moving average of $1.50. Rolls-Royce Holdings plc has a 12-month low of $1.21 and a 12-month high of $3.56. The stock has a market cap of $3.44 billion, a PE ratio of -2.07 and a beta of 1.23.
About Rolls-Royce Holdings plc
Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense and ITP Aero. The Civil Aerospace segment offers commercial aero engines and aftermarket services.
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