Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Upgraded to Buy by UBS Group

UBS Group upgraded shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) from a neutral rating to a buy rating in a research note released on Wednesday morning, The Fly reports.

A number of other equities analysts also recently issued reports on RYCEY. JPMorgan Chase & Co. upped their price target on Rolls-Royce Holdings plc from GBX 70 ($0.84) to GBX 90 ($1.08) in a research report on Friday, February 24th. Barclays downgraded Rolls-Royce Holdings plc from an overweight rating to an equal weight rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on Rolls-Royce Holdings plc from GBX 136 ($1.64) to GBX 160 ($1.92) in a research report on Wednesday, March 1st. Jefferies Financial Group raised Rolls-Royce Holdings plc from a hold rating to a buy rating in a research report on Monday, January 2nd. Finally, BNP Paribas raised Rolls-Royce Holdings plc from an underperform rating to a neutral rating in a research report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Rolls-Royce Holdings plc presently has an average rating of Hold and a consensus target price of $118.33.

Rolls-Royce Holdings plc Stock Up 0.6 %

Shares of RYCEY stock opened at $1.81 on Wednesday. The business’s fifty day simple moving average is $1.37 and its 200-day simple moving average is $1.10. Rolls-Royce Holdings plc has a 12-month low of $0.71 and a 12-month high of $1.84.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

An institutional investor recently bought a new position in Rolls-Royce Holdings plc stock. Boothe Investment Group Inc. purchased a new stake in Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 93,771 shares of the aerospace company’s stock, valued at approximately $15,464,000. Rolls-Royce Holdings plc comprises approximately 10.0% of Boothe Investment Group Inc.’s investment portfolio, making the stock its 2nd biggest position.

Rolls-Royce Holdings plc Company Profile

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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.