Rotork (LON:ROR) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Rotork plc (LON:ROR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 339.51 and traded as high as GBX 375.38. Rotork shares last traded at GBX 374, with a volume of 221,530,438 shares trading hands.

Analyst Ratings Changes

ROR has been the subject of a number of research reports. Panmure Gordon increased their target price on shares of Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. increased their price target on Rotork from GBX 390 to GBX 420 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Rotork has an average rating of “Moderate Buy” and an average price target of GBX 397.

Rotork Trading Down 0.4%

The firm has a 50-day moving average price of GBX 339.63 and a 200-day moving average price of GBX 339.51. 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 stock has a market capitalization of £3.08 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96.

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

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. 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.