Rotork (LON:ROR) Price Target Raised to GBX 370

Rotork (LON:ROR) had its target price increased by Panmure Gordon from GBX 360 to GBX 370 in a research note published on Thursday, MarketBeat reports. The firm currently has a buy rating on the stock.

ROR has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 395 price objective on shares of Rotork in a report on Tuesday, August 5th. Shore Capital restated a “hold” rating on shares of Rotork in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 430 price objective on shares of Rotork in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 391.

Rotork Price Performance

Shares of ROR opened at GBX 334.35 on Thursday. Rotork has a 52 week low of GBX 266.80 and a 52 week 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. The firm has a market cap of £2.77 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.48 and a beta of 0.96. The stock has a 50 day moving average of GBX 338.93 and a 200-day moving average of GBX 331.45.

Rotork declared that its board has initiated a share repurchase plan on Wednesday, November 19th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Rotork

In other news, insider Dorothy Thompson bought 17,610 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was purchased at an average price of GBX 340 per share, for a total transaction of £59,874. 0.30% of the stock is owned by insiders.

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.