Rotork plc (LON:ROR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Rotork plc (LON:ROR) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 397.

Several research firms have recently commented on ROR. JPMorgan Chase & Co. upped their price target on Rotork from GBX 390 to GBX 420 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Panmure Gordon boosted their price objective on shares of Rotork from GBX 360 to GBX 370 and gave the company a “buy” rating in a research note on Thursday, November 20th.

Rotork Stock Performance

Shares of Rotork stock opened at GBX 329.03 on Monday. The firm’s fifty day simple moving average is GBX 337.15 and its 200-day simple moving average is GBX 334.09. Rotork has a 12 month low of GBX 266.80 and a 12 month high of GBX 357. The stock has a market capitalization of £2.72 billion, a price-to-earnings ratio of 28.12, a PEG 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 declared that its Board of Directors has initiated a share repurchase program on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Rotork

In other news, insider Dorothy Thompson acquired 17,610 shares of Rotork 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. 0.30% of the stock is owned by corporate 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.