Rotork plc (LON:ROR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Rotork plc (LON:ROR) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 397.

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

Rotork Stock Performance

ROR stock traded up GBX 0.20 during midday trading on Friday, reaching GBX 371. The stock had a trading volume of 2,123,470 shares, compared to its average volume of 13,715,792. The firm has a fifty day simple moving average of GBX 357.77 and a two-hundred day simple moving average of GBX 345.05. Rotork has a 52-week low of GBX 266.80 and a 52-week high of GBX 393.60. The company has a debt-to-equity ratio of 4.20, a quick ratio of 2.16 and a current ratio of 2.43. The stock has a market cap of £3.05 billion, a PE ratio of 31.71, a P/E/G ratio of 2.48 and a beta of 0.90.

Rotork announced that its Board of Directors has approved a stock repurchase plan on Wednesday, November 19th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management 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.