Rotork (LON:ROR) Sets New 12-Month High – Should You Buy?

Rotork plc (LON:ROR)’s stock price reached a new 52-week high on Friday . The stock traded as high as GBX 488.40 and last traded at GBX 488.40, with a volume of 5688140 shares trading hands. The stock had previously closed at GBX 486.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ROR shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 400 target price on shares of Rotork in a research report on Tuesday, May 5th. Shore Capital Group raised shares of Rotork to a “hold” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Rotork from GBX 390 to GBX 405 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 405.

Rotork Trading Up 0.4%

The firm has a fifty day simple moving average of GBX 329.15 and a 200-day simple moving average of GBX 335.86. The firm has a market cap of £3.97 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 7.69, a current ratio of 2.50 and a quick ratio of 2.16.

Insider Buying and Selling at Rotork

In other news, insider Kiet Huynh bought 49 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of £150.05 per share, for a total transaction of £7,352.45. Insiders purchased 149 shares of company stock worth $765,137 over the last quarter. 0.35% of the stock is owned by corporate insiders.

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.