Rotork plc (LON:ROR) Receives GBX 397 Average PT from Brokerages

Rotork plc (LON:ROR) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 397.

A number of brokerages have commented on ROR. JPMorgan Chase & Co. raised their price objective 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 raised their price target on shares of Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a report on Thursday, November 20th.

Rotork Stock Performance

Shares of Rotork stock opened at GBX 333.60 on Friday. Rotork has a 12 month low of GBX 266.80 and a 12 month high of GBX 357. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97. The stock has a market cap of £2.75 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. The business has a fifty day simple moving average of GBX 331.99 and a 200-day simple moving average of GBX 335.02.

Rotork declared that its Board of Directors has approved a share repurchase plan on Wednesday, November 19th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually 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.