Investec Upgrades Rotork to Buy (ROR)
Rotork (LON:ROR) was upgraded by research analysts at Investec to a “buy” rating in a report released on Monday, Analyst RN reports. The firm currently has a GBX 3,000 ($49.44) price target on the stock, up from their previous price target of GBX 2,950 ($48.62). Investec’s target price suggests a potential upside of 9.65% from the company’s current price.
A number of other analysts have also recently weighed in on ROR. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Rotork in a research note to investors on Thursday, December 12th. They now have a GBX 3,230 ($53.23) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Rotork in a research note to investors on Tuesday, December 10th. They now have a GBX 3,315 ($54.63) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Rotork in a research note to investors on Monday, December 2nd. They now have a GBX 2,850 ($46.97) price target on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Rotork presently has an average rating of “Hold” and a consensus target price of GBX 2,936.68 ($48.40).
Rotork (LON:ROR) opened at 2761.00 on Monday. Rotork has a 1-year low of GBX 2502.00 and a 1-year high of GBX 3097.00. The stock has a 50-day moving average of GBX 2763. and a 200-day moving average of GBX 2780.. The company’s market cap is £2.394 billion.
Rotork p.l.c. is a holding company. The Company’s principal activities are the design, manufacture and support of actuators, systems and related products worldwide.
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