Rolls-Royce (RYCEY) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Rolls-Royce (OTCMKTS:RYCEY) from a hold rating to a buy rating in a research report released on Wednesday.

Several other research firms also recently weighed in on RYCEY. Credit Suisse Group upgraded Rolls-Royce from a neutral rating to an outperform rating in a report on Wednesday. Zacks Investment Research upgraded Rolls-Royce from a hold rating to a buy rating and set a $13.00 price objective for the company in a report on Wednesday, October 17th. Finally, Bank of America downgraded Rolls-Royce from a neutral rating to an underperform rating in a report on Tuesday, December 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Rolls-Royce currently has an average rating of Hold and an average target price of $13.00.

Get Rolls-Royce alerts:

RYCEY stock opened at $12.53 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $23.75 billion, a P/E ratio of 24.09, a PEG ratio of 1.99 and a beta of 0.92. Rolls-Royce has a 1-year low of $9.50 and a 1-year high of $14.55.

An institutional investor recently raised its position in Rolls-Royce stock. Quadrant Capital Group LLC raised its stake in Rolls-Royce Holding PLC (OTCMKTS:RYCEY) by 286.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,301 shares of the aerospace company’s stock after purchasing an additional 6,892 shares during the period. Quadrant Capital Group LLC’s holdings in Rolls-Royce were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.13% of the stock is owned by institutional investors.

Rolls-Royce Company Profile

Rolls-Royce Holdings plc, an engineering company, develops, manufactures, markets, and sells power and propulsion systems in the United Kingdom and internationally. The company's Civil Aerospace segment provides aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as aftermarket services.

Read More: What is the price-sales ratio?

To view ValuEngine’s full report, visit ValuEngine’s official website.