Rotork (LON:ROR) Sets New 52-Week High – Here’s Why

Rotork plc (LON:ROR) hit a new 52-week high on Tuesday . The company traded as high as GBX 379.80 and last traded at GBX 376, with a volume of 2666946 shares changing hands. The stock had previously closed at GBX 374.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Rotork from GBX 390 to GBX 420 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. 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. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 397.

Rotork Stock Up 0.5%

The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21. The firm has a market capitalization of £3.09 billion, a P/E ratio of 32.14, a PEG ratio of 2.48 and a beta of 0.96. The business’s fifty day moving average price is GBX 342.64 and its two-hundred day moving average price is GBX 340.95.

Rotork declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 19th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often 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.