Rolls-Royce Holding PLC (OTCMKTS:RYCEY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Rolls-Royce Holding PLC (OTCMKTS:RYCEY) have been given an average recommendation of “Buy” by the six research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company.

Several brokerages have recently weighed in on RYCEY. ValuEngine raised shares of Rolls-Royce Holding PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Rolls-Royce Holding PLC from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st.

Shares of OTCMKTS:RYCEY traded up $0.35 during midday trading on Friday, hitting $9.33. The stock had a trading volume of 99,504 shares, compared to its average volume of 282,910. The company has a market capitalization of $17.93 billion, a PE ratio of 44.43, a P/E/G ratio of 1.93 and a beta of 0.99. The stock has a 50 day moving average price of $9.57 and a two-hundred day moving average price of $10.85. Rolls-Royce Holding PLC has a 1 year low of $8.83 and a 1 year high of $13.11.

A number of hedge funds have recently added to or reduced their stakes in the stock. Park National Corp OH boosted its holdings in Rolls-Royce Holding PLC by 14.2% during the third quarter. Park National Corp OH now owns 13,523 shares of the aerospace company’s stock worth $132,000 after buying an additional 1,681 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new stake in Rolls-Royce Holding PLC during the second quarter worth about $108,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Rolls-Royce Holding PLC by 5.7% during the second quarter. Parametric Portfolio Associates LLC now owns 2,316,891 shares of the aerospace company’s stock worth $24,976,000 after buying an additional 123,932 shares in the last quarter. 0.14% 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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