Rotork Upgraded to Buy by Berenberg Bank (ROR)
Rotork (LON:ROR) was upgraded by investment analysts at Berenberg Bank to a “buy” rating in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 2,665 ($43.80) price target on the stock, up from their previous price target of GBX 2,640 ($43.39). Berenberg Bank’s price target indicates a potential upside of 9.09% from the company’s current price.
Shares of Rotork (LON:ROR) opened at 2443.00 on Friday. Rotork has a one year low of GBX 2366.00 and a one year high of GBX 3097.00. The stock’s 50-day moving average is GBX 2702.11 and its 200-day moving average is GBX 2763.36. The company’s market cap is £2.118 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research downgraded shares of Rotork to a “neutral” rating in a research note to investors on Wednesday. They now have a GBX 2,500 ($41.08) price target on the stock, down previously from GBX 3,200 ($52.59). Separately, analysts at Credit Suisse downgraded shares of Rotork to a “neutral” rating in a research note to investors on Monday, February 3rd. They now have a GBX 2,450 ($40.26) price target on the stock, down previously from GBX 3,230 ($53.08). Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rotork in a research note to investors on Monday, January 13th. They now have a GBX 3,230 ($53.08) price target on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Rotork presently has an average rating of “Hold” and a consensus target price of GBX 2,826.28 ($46.45).
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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