Royal Bank Of Canada Begins Coverage on Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)
Royal Bank of Canada initiated coverage on Rolls-Royce Holdings PLC with an "outperform" rating. Other analysts have also issued ratings, with a consensus of "Moderate Buy." The stock opened at $14.36, with a 50-day average of $15.41. Institutional investors have adjusted their holdings, with notable increases by Bowen Hanes & Co. Inc. and L & S Advisors Inc. Rolls-Royce operates in Civil Aerospace, Defence, Power Systems, and New Markets segments.
Equities researchers at Royal Bank Of Canada began coverage on shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) in a research note issued on Tuesday. The brokerage set an "outperform" rating on the aerospace company's stock.
Other equities analysts have also recently issued research reports about the company. Berenberg Bank raised Rolls-Royce Holdings PLC to a "hold" rating in a report on Monday, October 20th. The Goldman Sachs Group initiated coverage on Rolls-Royce Holdings PLC in a research report on Friday, September 19th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Rolls-Royce Holdings PLC presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Report on Rolls-Royce Holdings PLC
Rolls-Royce Holdings PLC Trading Down 1.5%
OTCMKTS RYCEY opened at $14.36 on Tuesday. The firm has a 50-day simple moving average of $15.41 and a 200 day simple moving average of $13.81. Rolls-Royce Holdings PLC has a twelve month low of $6.70 and a twelve month high of $16.27.
Institutional Trading of Rolls-Royce Holdings PLC
Several hedge funds have recently modified their holdings of RYCEY. Bowen Hanes & Co. Inc. raised its stake in shares of Rolls-Royce Holdings PLC by 6.9% in the third quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company's stock valued at $70,006,000 after acquiring an additional 278,070 shares during the last quarter. L & S Advisors Inc increased its holdings in Rolls-Royce Holdings PLC by 16.4% during the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company's stock valued at $3,854,000 after purchasing an additional 40,691 shares in the last quarter. Financially Speaking Inc acquired a new stake in Rolls-Royce Holdings PLC during the 3rd quarter valued at $1,808,000. Yousif Capital Management LLC raised its position in Rolls-Royce Holdings PLC by 7.8% in the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock valued at $1,419,000 after purchasing an additional 7,705 shares during the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new position in Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,690,000. Institutional investors and hedge funds own 0.07% of the company's stock.
About Rolls-Royce Holdings PLC
(Get Free Report)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.
See Also
- Five stocks we like better than Rolls-Royce Holdings PLC
- Manufacturing Stocks Investing
- 3 Companies to Watch as Natural Gas Stocks Make a Comeback
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Seagate Stock Could Soar as AI Drives Storage Demand
- How to Short a Stock in 5 Easy Steps
- Whirlpool’s Worst May Be Over—Upside Opportunity Ahead
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Rolls-Royce Holdings PLC Right Now?
Before you consider Rolls-Royce Holdings PLC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rolls-Royce Holdings PLC wasn't on the list.
While Rolls-Royce Holdings PLC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
