JPMorgan Chase & Co. Lowers Rotork (ROR) Price Target to GBX 315
Rotork (LON:ROR) had its price target dropped by investment analysts at JPMorgan Chase & Co. from GBX 360 ($4.70) to GBX 315 ($4.12) in a report released on Tuesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 32.46% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Barclays boosted their price target on Rotork from GBX 300 ($3.92) to GBX 325 ($4.25) and gave the stock an “equal weight” rating in a research report on Thursday, August 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Rotork in a research report on Wednesday, September 5th. Deutsche Bank reiterated a “hold” rating on shares of Rotork in a research report on Wednesday, August 8th. Numis Securities boosted their price target on Rotork from GBX 300 ($3.92) to GBX 310 ($4.05) and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Finally, Liberum Capital reiterated a “hold” rating on shares of Rotork in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 319.18 ($4.17).
Shares of ROR opened at GBX 237.80 ($3.11) on Tuesday. Rotork has a one year low of GBX 221.30 ($2.89) and a one year high of GBX 306.80 ($4.01).
Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.
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