Rolls Royce Group (NASDAQ:RYCEY) Receives a Downgrade
In an analyst note made public on 8 December, Bernstein has decided to cut rating on Rolls Royce Group (NASDAQ:RYCEY) shares to a Underperform. RYCEY’s prior rating was a Mkt Perform.
From a total of 1 analysts covering Rolls Royce Group (NASDAQ:RYCEY) stock, 0 rate it a ”Buy”, 1 a “Sell”, and 0 a ”Hold”. This means that 0% of the ratings are positive. Rolls Royce Group was the topic of 2 analyst reports since November 13, 2015 according to the firm StockzIntelligence Inc. Bernstein downgraded shares on December 8 to “Underperform” rating.
The stock decreased 3.58% or $0.33 on December 8, striking $8.89. Approximately shares of stock traded hands. Rolls-Royce Holding PLC (ADR) (NASDAQ:RYCEY) has declined 88.60% since May 6, 2015 and is downtrending. It has underperformed by 87.81% the S&P500.
Rolls-Royce Holdings plc is a United Kingdom firm that designs, develops, makes and services power systems for use in the air, on land and at sea. The company has a market cap of $16.96 billion. The Firm operates through two divisions: Aerospace and Land & Sea. It currently has negative earnings. The Aerospace Division produces aero engines for large civil aircraft and corporate jets and provides defense aero engines and services.
According to Zacks Investment Research, “ROLLS ROYCE, a world-leading provider of power systems and services for use on land, at sea and in the air, operates in four global markets – civil aerospace, defence aerospace, marine and energy. It continues to invest in core technologies, products, people and capabilities with the objective of broadening and strengthening the product portfolio, improving efficiency and enhancing the environmental performance of its products. These investments create high barriers to entry.” Get a free copy of the Zacks research report on Rolls-Royce Holding PLC (ADR) (RYCEY).