Rotork (LON:ROR) Hits New 52-Week High – Still a Buy?

Rotork plc (LON:RORGet Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as GBX 489.20 and last traded at GBX 488.20, with a volume of 1823160 shares. The stock had previously closed at GBX 487.80.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROR. Shore Capital Group upgraded Rotork to a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of Rotork from GBX 390 to GBX 405 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada cut shares of Rotork to a “sector perform” rating and boosted their price objective for the company from GBX 400 to GBX 503 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 400 target price on shares of Rotork in a research note on Tuesday, May 5th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 503 target price on shares of Rotork in a report on Tuesday. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 433.50.

Get Our Latest Analysis on ROR

Rotork Stock Down 0.0%

The company has a 50-day simple moving average of GBX 361.40 and a 200-day simple moving average of GBX 345.30. The firm has a market cap of £3.97 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. 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:RORGet Free Report) last released its earnings results on Tuesday, August 4th. The company reported GBX 7.40 EPS for the quarter. Rotork had a return on equity of 21.48% and a net margin of 15.75%. Analysts expect that Rotork plc will post 16.4574899 earnings per share for the current fiscal year.

Insider Transactions at Rotork

In other Rotork news, insider Kiet Huynh acquired 49 shares of the business’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of £150.05 per share, with a total value of £7,352.45. In the last three months, insiders acquired 149 shares of company stock worth $765,137. 0.35% of the stock is owned by insiders.

Rotork Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Rotork Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rotork and related companies with MarketBeat.com's FREE daily email newsletter.