Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Shares Cross Above Two Hundred Day Moving Average of $1.46

Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.46 and traded as high as $1.81. Rolls-Royce Holdings plc shares last traded at $1.78, with a volume of 3,280,027 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Bank of America upgraded Rolls-Royce Holdings plc from an “underperform” rating to a “buy” rating in a research note on Monday, February 27th. Deutsche Bank Aktiengesellschaft raised their target price on Rolls-Royce Holdings plc from GBX 136 ($1.69) to GBX 160 ($1.99) in a research report on Wednesday, March 1st. UBS Group upgraded Rolls-Royce Holdings plc from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 8th. JPMorgan Chase & Co. raised their target price on Rolls-Royce Holdings plc from GBX 70 ($0.87) to GBX 90 ($1.12) in a research report on Friday, February 24th. Finally, Barclays cut Rolls-Royce Holdings plc from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 7th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.33.

Rolls-Royce Holdings plc Price Performance

The business has a 50-day simple moving average of $1.82 and a 200-day simple moving average of $1.46.

Institutional Trading of Rolls-Royce Holdings plc

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new position in shares of Rolls-Royce Holdings plc in the first quarter worth $385,000. SVB Wealth LLC grew its stake in shares of Rolls-Royce Holdings plc by 52.6% in the first quarter. SVB Wealth LLC now owns 19,515 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 6,729 shares in the last quarter. Atlas Wealth LLC acquired a new position in shares of Rolls-Royce Holdings plc in the first quarter worth $25,000. FineMark National Bank & Trust acquired a new position in shares of Rolls-Royce Holdings plc in the first quarter worth $30,000. Finally, OLD National Bancorp IN acquired a new position in shares of Rolls-Royce Holdings plc in the first quarter worth $77,000.

About Rolls-Royce Holdings plc

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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.