Rotork (LON:ROR) Sets New 12-Month High – Here’s Why

Rotork plc (LON:ROR)’s stock price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 493.60 and last traded at GBX 492.20, with a volume of 1,018,520 shares traded. The stock had previously closed at GBX 493.

Analysts Set New Price Targets

ROR has been the subject of several research reports. Royal Bank Of Canada cut Rotork to a “sector perform” rating and lifted their target price for the company from GBX 400 to GBX 503 in a research note on Wednesday, August 5th. Peel Hunt reiterated a “hold” rating and issued a GBX 503 price target on shares of Rotork in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised their price target on Rotork from GBX 390 to GBX 405 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 433.50.

Rotork Trading Up 0.1%

The stock has a market capitalization of £4.01 billion, a P/E ratio of 33.27, a PEG ratio of 2.48 and a beta of 1.05. The company has a debt-to-equity ratio of 8.01, a current ratio of 2.54 and a quick ratio of 2.16. The business’s 50 day simple moving average is GBX 486.85 and its 200-day simple moving average is GBX 397.46.

Rotork (LON:ROR) last released its earnings results on Tuesday, August 4th. The company reported GBX 7.40 EPS for the quarter. Rotork had a net margin of 15.75% and a return on equity of 21.48%. As a group, analysts forecast that Rotork plc will post 16.46 EPS for the current year.

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.