Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $3.04 and last traded at $3.00, with a volume of 9386248 shares trading hands. The stock had previously closed at $3.02.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Morgan Stanley raised shares of Rolls-Royce Holdings plc from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. JPMorgan Chase & Co. raised shares of Rolls-Royce Holdings plc from an “underweight” rating to a “neutral” rating in a report on Monday, August 7th. Finally, Barclays raised shares of Rolls-Royce Holdings plc from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.50.
Rolls-Royce Holdings plc Stock Performance
Institutional Investors Weigh In On Rolls-Royce Holdings plc
Several institutional investors have recently made changes to their positions in RYCEY. Renaissance Group LLC purchased a new position in Rolls-Royce Holdings plc in the 3rd quarter worth about $6,640,000. OLD Mission Capital LLC bought a new stake in shares of Rolls-Royce Holdings plc in the 1st quarter valued at about $385,000. Comerica Bank bought a new stake in shares of Rolls-Royce Holdings plc in the 2nd quarter valued at about $217,000. OLD National Bancorp IN boosted its holdings in shares of Rolls-Royce Holdings plc by 256.5% in the 2nd quarter. OLD National Bancorp IN now owns 149,468 shares of the aerospace company’s stock valued at $287,000 after buying an additional 107,543 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new stake in Rolls-Royce Holdings plc in the 3rd quarter worth approximately $122,000. Institutional investors own 0.05% of the company’s stock.
Rolls-Royce Holdings plc Company Profile
Rolls-Royce Holdings plc operates as an industrial technology company in the United Kingdom and internationally. The company operates in four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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