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

Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Rating) passed 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 changing hands.

Analyst Upgrades and Downgrades

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

Rolls-Royce Holdings plc Price Performance

The business’s fifty day moving average is $1.82 and its 200 day moving average is $1.46.

Institutional Trading of Rolls-Royce Holdings plc

A number of hedge funds and other institutional investors have recently made changes to their positions in RYCEY. SYSTM Wealth Solutions LLC bought a new stake in shares of Rolls-Royce Holdings plc in the 4th quarter worth approximately $329,000. OLD National Bancorp IN purchased a new position in shares of Rolls-Royce Holdings plc in the first quarter worth approximately $77,000. FineMark National Bank & Trust purchased a new position in shares of Rolls-Royce Holdings plc in the first quarter worth approximately $30,000. Atlas Wealth LLC purchased a new position in shares of Rolls-Royce Holdings plc in the first quarter worth approximately $25,000. Finally, SVB Wealth LLC increased its position 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.

About Rolls-Royce Holdings plc

(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.