Brokerages Set Rotork plc (LON:ROR) Target Price at GBX 405

Shares of Rotork plc (LON:ROR) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 405.

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 400 target price on shares of Rotork in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on shares of Rotork from GBX 390 to GBX 405 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, Shore Capital Group upgraded shares of Rotork to a “hold” rating in a research note on Friday, May 1st.

Insiders Place Their Bets

In related news, insider Kiet Huynh bought 49 shares of the company’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of £150.05 per share, with a total value of £7,352.45. Insiders have bought 149 shares of company stock worth $765,137 in the last quarter. Corporate insiders own 0.35% of the company’s stock.

Rotork Stock Up 0.1%

Rotork stock opened at GBX 485.20 on Friday. The company has a debt-to-equity ratio of 7.69, a current ratio of 2.50 and a quick ratio of 2.16. Rotork has a 1-year low of GBX 286.40 and a 1-year high of GBX 487.40. The company has a market cap of £3.95 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The stock’s 50 day moving average price is GBX 317.94 and its 200 day moving average price is GBX 332.52.

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.