According to Zacks, “ROLLS ROYCE, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets – civil aerospace, defence aerospace, marine and energy. It continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry. “
A number of other equities research analysts have also recently commented on RYCEY. ValuEngine cut shares of Rolls-Royce from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BNP Paribas raised shares of Rolls-Royce from a “neutral” rating to an “outperform” rating in a report on Friday, April 5th. Morgan Stanley raised shares of Rolls-Royce from an “equal weight” rating to an “overweight” rating in a report on Monday, March 18th. Finally, Credit Suisse Group raised shares of Rolls-Royce from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.00.
A hedge fund recently raised its stake in Rolls-Royce stock. Quadrant Capital Group LLC grew its stake in shares of Rolls-Royce Holding PLC (OTCMKTS:RYCEY) by 108.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,386 shares of the aerospace company’s stock after acquiring an additional 10,085 shares during the period. Quadrant Capital Group LLC’s holdings in Rolls-Royce were worth $223,000 at the end of the most recent quarter. Institutional investors own 0.13% of the company’s stock.
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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