Credit Suisse Group Lowers Rotork (OTCMKTS:RTOXF) Price Target to GBX 255

Rotork (OTCMKTS:RTOXFGet Rating) had its price target decreased by research analysts at Credit Suisse Group from GBX 315 ($3.88) to GBX 255 ($3.14) in a research report issued to clients and investors on Thursday, The Fly reports.

Several other research firms have also commented on RTOXF. Royal Bank of Canada upgraded shares of Rotork from an “underperform” rating to an “outperform” rating in a research report on Wednesday, March 9th. Barclays decreased their price objective on shares of Rotork from GBX 405 ($4.99) to GBX 345 ($4.25) in a report on Tuesday, May 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Rotork has a consensus rating of “Buy” and an average target price of $201.32.

RTOXF stock opened at $3.23 on Thursday. The firm’s fifty day moving average is $3.97 and its 200 day moving average is $4.42. Rotork has a one year low of $3.23 and a one year high of $5.07.

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. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.

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