BNP Paribas Exane Initiates Coverage on Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)

Equities research analysts at BNP Paribas Exane initiated coverage on shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) in a research note issued to investors on Friday. The brokerage set an “outperform” rating on the aerospace company’s stock.

Separately, Wells Fargo & Company raised Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Up 2.3%

Shares of RYCEY stock opened at $17.73 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average of $16.30 and a 200-day moving average of $16.30. Rolls-Royce Holdings PLC has a one year low of $11.56 and a one year high of $18.98.

Institutional Trading of Rolls-Royce Holdings PLC

A number of large investors have recently bought and sold shares of RYCEY. Bowen Hanes & Co. Inc. increased its stake in Rolls-Royce Holdings PLC by 6.9% during the 3rd quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock worth $70,006,000 after purchasing an additional 278,070 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Rolls-Royce Holdings PLC during the 1st quarter worth approximately $1,963,000. Financially Speaking Inc bought a new stake in Rolls-Royce Holdings PLC during the 3rd quarter worth approximately $1,808,000. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in Rolls-Royce Holdings PLC during the 3rd quarter worth approximately $1,690,000. Finally, Dorsey Wright & Associates bought a new stake in Rolls-Royce Holdings PLC during the 3rd quarter worth approximately $1,558,000. 0.07% of the stock is owned by institutional investors.

Rolls-Royce Holdings PLC Company Profile

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.