Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Coverage Initiated at Royal Bank Of Canada

Royal Bank Of Canada began coverage on shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) in a note issued to investors on Tuesday. The firm set an “outperform” rating on the aerospace company’s stock.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group started coverage on Rolls-Royce Holdings PLC in a report on Friday, September 19th. They set a “buy” rating on the stock. Berenberg Bank raised Rolls-Royce Holdings PLC to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Rolls-Royce Holdings PLC presently has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Trading Down 1.5%

Shares of RYCEY stock opened at $14.36 on Tuesday. Rolls-Royce Holdings PLC has a 1 year low of $6.70 and a 1 year high of $16.27. The firm’s 50 day moving average is $15.41 and its 200-day moving average is $13.81.

Institutional Trading of Rolls-Royce Holdings PLC

A number of institutional investors and hedge funds have recently modified their holdings of RYCEY. Bowen Hanes & Co. Inc. acquired a new stake in shares of Rolls-Royce Holdings PLC in the 1st quarter valued at approximately $27,782,000. L & S Advisors Inc acquired a new position in Rolls-Royce Holdings PLC during the first quarter valued at approximately $2,427,000. Torray Investment Partners LLC bought a new stake in Rolls-Royce Holdings PLC in the second quarter valued at approximately $669,000. GAMMA Investing LLC raised 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 worth $461,000 after purchasing an additional 5,099 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in Rolls-Royce Holdings PLC by 7.8% in the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock worth $1,419,000 after purchasing an additional 7,705 shares during the period. 0.07% of the stock is owned by institutional investors.

Rolls-Royce Holdings PLC Company Profile

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.