Rotork plc (LON:ROR) Receives GBX 391 Consensus Target Price from Analysts

Rotork plc (LON:ROR) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 391.

A number of research firms have recently commented on ROR. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 395 price target on shares of Rotork in a report on Tuesday, August 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 430 price objective on shares of Rotork in a report on Tuesday, August 5th. Shore Capital reaffirmed a “hold” rating on shares of Rotork in a report on Tuesday, August 5th. Finally, Panmure Gordon increased their price target on shares of Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a report on Thursday.

Rotork Stock Down 1.0%

Shares of LON ROR opened at GBX 334.35 on Thursday. The firm has a 50-day simple moving average of GBX 338.93 and a two-hundred day simple moving average of GBX 331.45. The company has a market cap of £2.77 billion, a P/E ratio of 28.58, a PEG ratio of 2.48 and a beta of 0.96. Rotork has a 1 year low of GBX 266.80 and a 1 year high of GBX 357. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.21 and a quick ratio of 2.16.

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

Insider Buying and Selling

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

Rotork Company Profile

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.