Brokerages Set Rotork plc (LON:ROR) Target Price at GBX 397

Rotork plc (LON:ROR) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 397.

A number of research analysts recently weighed in on ROR shares. Panmure Gordon upped their price objective on Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. increased their price target on shares of Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a report on Thursday, December 4th.

Rotork Trading Down 0.2%

Shares of Rotork stock opened at GBX 372.40 on Tuesday. The firm has a market cap of £3.06 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. Rotork has a 52-week low of GBX 266.80 and a 52-week high of GBX 373.40. The company’s 50-day simple moving average is GBX 338.21 and its 200-day simple moving average is GBX 338.71. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97.

Rotork declared that its board has authorized a stock repurchase plan on Wednesday, November 19th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.