Rotork (LON:ROR) Price Target Cut to GBX 345

Rotork (LON:RORGet Rating) had its price objective cut by investment analysts at Barclays from GBX 405 ($5.06) to GBX 345 ($4.31) in a report released on Tuesday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 18.80% from the company’s current price.

Several other equities research analysts have also recently weighed in on ROR. Shore Capital restated a “sell” rating on shares of Rotork in a research note on Friday. Morgan Stanley restated an “overweight” rating on shares of Rotork in a report on Tuesday, February 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 420 ($5.25) price target on shares of Rotork in a research note on Thursday, March 31st. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 395 ($4.93) price objective on shares of Rotork in a research note on Wednesday, February 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 345 ($4.31) price objective on shares of Rotork in a report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Rotork presently has a consensus rating of “Buy” and an average target price of GBX 400.89 ($5.01).

Shares of LON ROR opened at GBX 290.40 ($3.63) on Tuesday. The business has a 50-day moving average of GBX 312.84 and a two-hundred day moving average of GBX 334.82. The company has a market capitalization of £2.50 billion and a price-to-earnings ratio of 31.52. Rotork has a 1 year low of GBX 274.60 ($3.43) and a 1 year high of GBX 375.60 ($4.69). The company has a debt-to-equity ratio of 1.75, a current ratio of 2.99 and a quick ratio of 2.18.

In related news, insider Jonathan Davis sold 18,324 shares of the firm’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of GBX 285 ($3.56), for a total value of £52,223.40 ($65,238.48).

Rotork Company Profile (Get Rating)

Rotork plc designs, manufactures, and markets flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.

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