Rolls-Royce (RYCEY) Cut to Underperform at Bank of America
Several other equities research analysts also recently issued reports on RYCEY. Zacks Investment Research upgraded shares of Rolls-Royce from a hold rating to a buy rating and set a $13.00 target price for the company in a research note on Wednesday, October 17th. JPMorgan Chase & Co. downgraded shares of Rolls-Royce from a neutral rating to a sell rating in a research note on Friday, August 10th. Finally, ValuEngine downgraded shares of Rolls-Royce from a buy rating to a hold rating in a research note on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $13.00.
Shares of OTCMKTS:RYCEY opened at $10.34 on Tuesday. Rolls-Royce has a 52-week low of $10.00 and a 52-week high of $14.55. The stock has a market capitalization of $20.41 billion, a P/E ratio of 19.85 and a beta of 1.00. The company has a debt-to-equity ratio of 4.73, a current ratio of 1.19 and a quick ratio of 0.88.
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.
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