Rotork (LON:ROR) Reaches New 12-Month High – What’s Next?

Rotork plc (LON:ROR) reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 490.20 and last traded at GBX 490.20, with a volume of 892,754 shares traded. The stock had previously closed at GBX 488.40.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Peel Hunt reissued a “hold” rating and issued a GBX 503 price objective on shares of Rotork in a research report on Tuesday, August 4th. JPMorgan Chase & Co. upped their target price 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, Royal Bank Of Canada downgraded shares of Rotork to a “sector perform” rating and raised their target price for the company from GBX 400 to GBX 503 in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Rotork presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 433.50.

Rotork Price Performance

The company has a market capitalization of £3.99 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The company’s 50-day moving average price is GBX 485.95 and its two-hundred day moving average price is GBX 386.91. The company has a debt-to-equity ratio of 8.01, a current ratio of 2.54 and a quick ratio of 2.16.

Rotork (LON:ROR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 7.40 earnings per share (EPS) for the quarter. Rotork had a return on equity of 21.48% and a net margin of 15.75%. As a group, sell-side analysts expect that Rotork plc will post 16.46 EPS for the current year.

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.