Rotork (LON:ROR) Given New GBX 420 Price Target at JPMorgan Chase & Co.

Rotork (LON:ROR) had its price target hoisted by JPMorgan Chase & Co. from GBX 390 to GBX 420 in a research report report published on Thursday, MarketBeat Ratings reports. They currently have an overweight rating on the stock.

Separately, Panmure Gordon increased their price objective on Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 397.

Rotork Stock Performance

Rotork stock opened at GBX 343.60 on Thursday. The firm has a 50 day simple moving average of GBX 338.49 and a 200-day simple moving average of GBX 332.98. The stock has a market cap of £2.85 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. 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 has a 1-year low of GBX 266.80 and a 1-year high of GBX 357.

Rotork declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 19th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Rotork

In related news, insider Dorothy Thompson bought 17,610 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The stock was purchased at an average price of GBX 340 per share, for a total transaction of £59,874. Insiders own 0.30% of the company’s stock.

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.