Rotork p.l.c. PT Raised to GBX 2,700 at Credit Suisse (ROR)
Credit Suisse increased their target price on shares of Rotork p.l.c. (LON:ROR) from GBX 2,600 ($43.75) to GBX 2,700 ($45.43) in a research note issued on Friday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price suggests a potential downside of 1.60% from the company’s current price.
Rotork p.l.c. (LON:ROR) traded up 0.33% on Friday, hitting GBX 2744.00. The stock had a trading volume of 128,114 shares. Rotork p.l.c. has a one year low of GBX 2331.00 and a one year high of GBX 2950.00. The stock has a 50-day moving average of GBX 2682.59 and a 200-day moving average of GBX 2645.32. The company’s market cap is £2.381 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 26th. Investors of record on Wednesday, August 27th will be paid a dividend of GBX 19.20 ($0.32) per share. This represents a dividend yield of 0.68%. The ex-dividend date is Wednesday, August 27th.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Rotork p.l.c. in a research note on Wednesday. They now have a GBX 2,950 ($49.64) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Rotork p.l.c. in a research note on Tuesday. They now have a GBX 3,000 ($50.48) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Rotork p.l.c. in a research note on Tuesday. They now have a GBX 2,725 ($45.85) price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 2,810 ($47.28).
Rotork plc is a holding company. Its principal activities are the design, manufacture and support of industrial valve actuation and flow control equipment.
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