Equities researchers at Berenberg Bank started coverage on shares of Rotork (LON:ROR) in a research report issued on Thursday, ThisIsMoney.Co.Uk reports. The brokerage set a “hold” rating and a GBX 280 ($3.66) price target on the stock. Berenberg Bank’s price target indicates a potential downside of 3.13% from the company’s previous close.
A number of other equities research analysts have also issued reports on the stock. Peel Hunt reaffirmed a “buy” rating on shares of Rotork in a report on Wednesday, March 27th. HSBC cut their price objective on shares of Rotork from GBX 375 ($4.90) to GBX 350 ($4.57) and set a “buy” rating for the company in a report on Tuesday, March 5th. JPMorgan Chase & Co. increased their price objective on shares of Rotork from GBX 295 ($3.85) to GBX 310 ($4.05) and gave the company an “overweight” rating in a report on Monday, February 25th. Deutsche Bank reaffirmed a “hold” rating on shares of Rotork in a report on Tuesday, March 5th. Finally, Citigroup cut their price objective on shares of Rotork from GBX 345 ($4.51) to GBX 325 ($4.25) and set a “buy” rating for the company in a report on Wednesday, March 6th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Rotork has an average rating of “Hold” and an average price target of GBX 321.14 ($4.20).
Shares of ROR opened at GBX 289.06 ($3.78) on Thursday. The company has a quick ratio of 1.62, a current ratio of 2.24 and a debt-to-equity ratio of 11.85. Rotork has a 1 year low of GBX 232.60 ($3.04) and a 1 year high of GBX 363.20 ($4.75). The company has a market cap of $2.51 billion and a price-to-earnings ratio of 27.53.
In related news, insider Jonathan Davis sold 131,630 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of GBX 293 ($3.83), for a total value of £385,675.90 ($503,953.87).
Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.
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