Rotork plc (LON:ROR – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 486.60 and last traded at GBX 486.40, with a volume of 33111738 shares changing hands. The stock had previously closed at GBX 290.80.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Shore Capital Group upgraded shares of Rotork to a “hold” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 400 price target on shares of Rotork in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Rotork from GBX 390 to GBX 405 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 405.
View Our Latest Stock Analysis on ROR
Rotork Price Performance
Insiders Place Their Bets
In related news, insider Kiet Huynh bought 49 shares of the stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of £150.05 per share, for a total transaction of £7,352.45. Over the last 90 days, insiders have purchased 149 shares of company stock valued at $765,137. Company insiders own 0.35% of the company’s stock.
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.
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