Rotork (LON:ROR) Hits New 52-Week High – Should You Buy?

Rotork plc (LON:ROR) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 388.60 and last traded at GBX 387.40, with a volume of 370374 shares traded. The stock had previously closed at GBX 384.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their target price 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 lifted their price target on Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Rotork has an average rating of “Moderate Buy” and an average price target of GBX 397.

Rotork Stock Performance

The stock has a 50-day simple moving average of GBX 350.50 and a 200-day simple moving average of GBX 343.45. The stock has a market cap of £3.20 billion, a PE ratio of 33.21, a P/E/G ratio of 2.48 and a beta of 0.96. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.21 and a quick ratio of 2.16.

Rotork declared that its board has approved a stock buyback plan on Wednesday, November 19th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board 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.