Rotork plc (LON:ROR) Receives GBX 397 Consensus Target Price from Brokerages

Rotork plc (LON:ROR) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 397.

Several equities analysts recently weighed in on ROR shares. JPMorgan Chase & Co. raised their price target on shares of Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Panmure Gordon increased 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.

Rotork Stock Up 1.0%

Rotork stock opened at GBX 340.40 on Friday. The firm has a market capitalization of £2.81 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. The firm’s fifty day moving average price is GBX 332.09 and its two-hundred day moving average price is GBX 334.79. Rotork has a 1-year low of GBX 266.80 and a 1-year high of GBX 357. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 1.97.

Rotork declared that its board has initiated a share buyback program on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About Rotork

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.