Rotork plc (LON:ROR) Receives Average Rating of “Moderate Buy” from Analysts

Rotork plc (LON:ROR) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 391.

Several equities research analysts have recently issued reports on ROR shares. Panmure Gordon raised their price objective on Rotork from GBX 360 to GBX 370 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and set a GBX 430 price target on shares of Rotork in a research note on Tuesday, August 5th. Shore Capital reiterated a “hold” rating on shares of Rotork in a report on Tuesday, August 5th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 395 price target on shares of Rotork in a research report on Tuesday, August 5th.

Insider Buying and Selling at Rotork

In other Rotork news, insider Dorothy Thompson purchased 17,610 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was purchased at an average price of GBX 340 per share, for a total transaction of £59,874. 0.30% of the stock is currently owned by company insiders.

Rotork Price Performance

Shares of ROR stock traded up GBX 1.26 during mid-day trading on Thursday, hitting GBX 341.46. The company had a trading volume of 3,103,131 shares, compared to its average volume of 5,302,759. The company has a market capitalization of £2.83 billion, a P/E ratio of 29.18, a P/E/G ratio of 2.48 and a beta of 0.96. Rotork has a 52-week low of GBX 266.80 and a 52-week high of GBX 357. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.21 and a quick ratio of 2.16. The stock’s 50 day moving average price is GBX 339.33 and its 200-day moving average price is GBX 330.97.

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