Rotork (OTCMKTS:RTOXF) Downgraded to “Sector Perform” at Royal Bank of Canada

Royal Bank of Canada cut shares of Rotork (OTCMKTS:RTOXFGet Rating) from an outperform rating to a sector perform rating in a research report sent to investors on Monday, The Fly reports.

A number of other brokerages also recently issued reports on RTOXF. JPMorgan Chase & Co. increased their price objective on Rotork from GBX 320 ($3.90) to GBX 330 ($4.03) in a research report on Thursday, December 8th. UBS Group raised Rotork from a neutral rating to a buy rating in a research note on Tuesday, November 29th. Finally, Barclays raised their price objective on Rotork from GBX 310 ($3.78) to GBX 350 ($4.27) in a research note on Monday, November 28th.

Rotork Price Performance

Shares of OTCMKTS RTOXF opened at $4.02 on Monday. The stock has a fifty day simple moving average of $3.62 and a two-hundred day simple moving average of $3.14. Rotork has a 1-year low of $2.45 and a 1-year high of $4.87.

About Rotork

(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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