Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sets New 1-Year High – Time to Buy?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares hit a new 52-week high on Friday . The company traded as high as $16.27 and last traded at $16.27, with a volume of 1144603 shares trading hands. The stock had previously closed at $15.72.

Analysts Set New Price Targets

RYCEY has been the topic of several recent analyst reports. Royal Bank Of Canada assumed coverage on shares of Rolls-Royce Holdings PLC in a report on Tuesday, November 18th. They issued an “outperform” rating on the stock. Berenberg Bank raised Rolls-Royce Holdings PLC to a “hold” rating in a research note on Monday, October 20th. Finally, The Goldman Sachs Group began coverage on Rolls-Royce Holdings PLC in a research report on Friday, September 19th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average of $14.92 and a 200 day moving average of $14.57.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Rolls-Royce Holdings PLC by 17.4% in the second quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company’s stock valued at $461,000 after purchasing an additional 5,099 shares in the last quarter. Sterling Investment Advisors Ltd. purchased a new stake in shares of Rolls-Royce Holdings PLC during the 2nd quarter worth approximately $174,000. Yousif Capital Management LLC boosted its holdings in shares of 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 buying an additional 7,705 shares in the last quarter. Torray Investment Partners LLC acquired a new position in shares of Rolls-Royce Holdings PLC in the 2nd quarter valued at $669,000. Finally, L & S Advisors Inc grew its position in shares of Rolls-Royce Holdings PLC by 16.4% in the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock valued at $3,854,000 after buying an additional 40,691 shares during the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.