Rotork p.l.c. (LON:ROR) Receives Sell Rating from Liberum Capital
A number of other research firms also recently commented on ROR. Credit Suisse Group restated a neutral rating and issued a GBX 250 ($3.30) target price on shares of Rotork p.l.c. in a research report on Thursday, March 30th. J P Morgan Chase & Co upgraded Rotork p.l.c. to an overweight rating and lifted their target price for the company from GBX 230 ($3.03) to GBX 265 ($3.50) in a research report on Tuesday, April 4th. Citigroup Inc. restated a neutral rating and issued a GBX 250 ($3.30) target price on shares of Rotork p.l.c. in a research report on Tuesday, April 4th. Peel Hunt reduced their target price on Rotork p.l.c. from GBX 285 ($3.76) to GBX 265 ($3.50) and set an add rating on the stock in a research report on Wednesday, April 5th. Finally, HSBC Holdings plc lifted their target price on Rotork p.l.c. from GBX 225 ($2.97) to GBX 250 ($3.30) and gave the company a hold rating in a research report on Thursday, April 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 234.24 ($3.09).
Rotork p.l.c. (LON ROR) opened at 233.30 on Friday. The company’s market cap is GBX 2.03 billion. Rotork p.l.c. has a 12 month low of GBX 188.40 and a 12 month high of GBX 269.40. The firm has a 50-day moving average price of GBX 240.67 and a 200 day moving average price of GBX 246.80.
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In other news, insider Jonathan Davis acquired 3,054 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average price of GBX 236 ($3.11) per share, for a total transaction of £7,207.44 ($9,507.24). Also, insider Peter France acquired 1,411 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of GBX 250 ($3.30) per share, for a total transaction of £3,527.50 ($4,653.08). Insiders purchased a total of 5,968 shares of company stock worth $1,426,699 in the last quarter.
About Rotork p.l.c.
Rotork Plc is a United Kingdom-based actuator manufacturer and flow control company. The Company operates through four segments: Controls, Fluid Systems, Gears and Instruments. The Controls segment is engaged in the design, manufacture and sale of electric actuators. The Fluid Systems segment is engaged in the design, manufacture and sale of pneumatic and hydraulic actuators.
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