Barclays Downgrades Rolls-Royce Holdings plc (OTCMKTS:RYCEY) to Equal Weight

Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

RYCEY has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price objective on shares of Rolls-Royce Holdings plc from GBX 70 ($0.84) to GBX 90 ($1.08) in a research report on Friday, February 24th. Jefferies Financial Group raised shares of Rolls-Royce Holdings plc from a “hold” rating to a “buy” rating in a research report on Monday, January 2nd. Bank of America raised shares of Rolls-Royce Holdings plc from an “underperform” rating to a “buy” rating in a research report on Monday, February 27th. BNP Paribas raised shares of Rolls-Royce Holdings plc from an “underperform” rating to a “neutral” rating in a research report on Tuesday, January 24th. Finally, UBS Group boosted their target price on shares of Rolls-Royce Holdings plc from GBX 102 ($1.23) to GBX 105 ($1.26) in a research report on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Rolls-Royce Holdings plc has a consensus rating of “Hold” and an average price target of $118.33.

Rolls-Royce Holdings plc Stock Up 0.6 %

RYCEY stock opened at $1.81 on Tuesday. The company has a fifty day moving average price of $1.37 and a two-hundred day moving average price of $1.10. Rolls-Royce Holdings plc has a one year low of $0.71 and a one year high of $1.84.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rolls-Royce Holdings plc stock. Boothe Investment Group Inc. bought a new position in shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 93,771 shares of the aerospace company’s stock, valued at approximately $15,464,000. Rolls-Royce Holdings plc makes up about 10.0% of Boothe Investment Group Inc.’s portfolio, making the stock its 2nd biggest position.

Rolls-Royce Holdings plc Company Profile

(Get Rating)

Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense and ITP Aero. The Civil Aerospace segment offers commercial aero engines and aftermarket services.