Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Upgraded to Buy by Redburn Partners

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.

A hedge fund recently bought a new stake in Rolls-Royce Holdings plc stock. Cullen Capital Management LLC bought a new stake in Rolls-Royce Holdings plc (OTCMKTS:RYCEY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 48,000 shares of the aerospace company’s stock, valued at approximately $68,000. Institutional investors and hedge funds own 0.83% of the company’s stock.

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.

Read More: What is the significance of the death cross?

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

Receive News & Ratings for Rolls-Royce Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rolls-Royce Holdings plc and related companies with MarketBeat.com's FREE daily email newsletter.