Rotork plc (LON:ROR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Rotork plc (LON:ROR) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 397.

Several analysts have commented on ROR shares. Panmure Gordon lifted 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. JPMorgan Chase & Co. boosted their target price on shares of Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research report on Thursday, December 4th.

Rotork Trading Up 1.1%

Rotork stock opened at GBX 362.40 on Tuesday. The stock has a 50-day moving average price of GBX 335.67 and a 200 day moving average price of GBX 337.60. The company has a market capitalization of £2.99 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. Rotork has a 52 week low of GBX 266.80 and a 52 week high of GBX 362.60. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97.

Rotork declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 19th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.