Rotork (LON:ROR) Reaches New 52-Week High – Still a Buy?

Rotork plc (LON:ROR) hit a new 52-week high during trading on Wednesday. The stock traded as high as GBX 493 and last traded at GBX 493, with a volume of 1,649,953 shares. The stock had previously closed at GBX 491.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ROR. Peel Hunt reissued a “hold” rating and issued a GBX 503 target price on shares of Rotork in a report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on shares of Rotork from GBX 390 to GBX 405 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada lowered shares of Rotork to a “sector perform” rating and lifted their price target for the company from GBX 400 to GBX 503 in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 433.50.

Rotork Stock Down 0.1%

The stock has a 50 day moving average price of GBX 486.16 and a 200 day moving average price of GBX 389.97. The stock has a market capitalization of £4.01 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 8.01.

Rotork (LON:ROR) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 7.40 earnings per share for the quarter. Rotork had a return on equity of 21.48% and a net margin of 15.75%. As a group, analysts forecast that Rotork plc will post 16.46 EPS for the current year.

Rotork Company Profile

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.