Rotork p.l.c.’s (ROR) Neutral Rating Reaffirmed at Citigroup Inc
Citigroup Inc reaffirmed their neutral rating on shares of Rotork p.l.c. (LON:ROR) in a research note released on Thursday morning. Citigroup Inc currently has a GBX 250 ($3.23) price objective on the stock.
A number of other equities research analysts also recently issued reports on ROR. Peel Hunt upped their price target on shares of Rotork p.l.c. from GBX 230 ($2.97) to GBX 285 ($3.68) and gave the company an add rating in a research note on Friday, January 20th. Credit Suisse Group AG downgraded shares of Rotork p.l.c. to a neutral rating and upped their price target for the company from GBX 230 ($2.97) to GBX 250 ($3.23) in a research note on Thursday, January 26th. Deutsche Bank AG upped their price target on shares of Rotork p.l.c. from GBX 226 ($2.92) to GBX 255 ($3.29) and gave the company a hold rating in a research note on Friday, February 3rd. BNP Paribas downgraded shares of Rotork p.l.c. to a neutral rating and decreased their price target for the company from GBX 270 ($3.49) to GBX 265 ($3.42) in a research note on Friday, February 10th. Finally, Goldman Sachs Group Inc reaffirmed a buy rating and set a GBX 280 ($3.61) price target on shares of Rotork p.l.c. in a research note on Thursday, February 16th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 229.44 ($2.96).
Shares of Rotork p.l.c. (LON:ROR) traded up 2.46% during midday trading on Thursday, reaching GBX 237.20. 2,496,884 shares of the company’s stock were exchanged. Rotork p.l.c. has a 12-month low of GBX 173.97 and a 12-month high of GBX 269.40. The stock’s 50 day moving average is GBX 246.07 and its 200-day moving average is GBX 243.70. The stock’s market cap is GBX 2.06 billion.
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The company also recently announced a dividend, which was paid on Monday, May 15th. Stockholders of record on Thursday, April 6th were paid a GBX 3.15 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, April 6th. This represents a dividend yield of 1.28%. This is an increase from Rotork p.l.c.’s previous dividend of $1.95.
In other news, insider Stephen Rhys Jones sold 4,821 shares of the stock in a transaction on Friday, March 24th. The shares were sold at an average price of GBX 247 ($3.19), for a total value of £11,907.87 ($15,370.94).
Rotork p.l.c. Company Profile
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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