Rotork (LON:ROR) Sets New 1-Year High – Should You Buy?

Rotork plc (LON:ROR)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 378.40 and last traded at GBX 378.20, with a volume of 397977 shares changing hands. The stock had previously closed at GBX 374.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ROR. Panmure Gordon boosted their target price on shares of Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. increased their price target on shares of Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Rotork has an average rating of “Moderate Buy” and a consensus price target of GBX 397.

Rotork Price Performance

The firm has a market capitalization of £3.11 billion, a PE ratio of 32.34, a P/E/G ratio of 2.48 and a beta of 0.96. 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 company has a fifty day moving average price of GBX 339.63 and a two-hundred day moving average price of GBX 339.51.

Rotork declared that its board has approved a stock repurchase program on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is 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.