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Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.38 and traded as high as $17.06. Rolls-Royce Holdings PLC shares last traded at $16.77, with a volume of 1,590,470 shares.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Wells Fargo & Company raised Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. BNP Paribas Exane assumed coverage on Rolls-Royce Holdings PLC in a report on Friday, May 29th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on Rolls-Royce Holdings PLC
Rolls-Royce Holdings PLC Stock Down 1.5%
Institutional Trading of Rolls-Royce Holdings PLC
Institutional investors have recently added to or reduced their stakes in the company. AdvisorShares Investments LLC bought a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,077,000. Dorsey Wright & Associates bought a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,558,000. Bowen Hanes & Co. Inc. boosted its stake in Rolls-Royce Holdings PLC by 6.9% in the 3rd quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock valued at $70,006,000 after purchasing an additional 278,070 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,690,000. Finally, Financially Speaking Inc bought a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,808,000. 0.07% of the stock is currently owned by institutional investors.
About Rolls-Royce Holdings PLC
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.
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