Rotork (LON:ROR) PT Raised to GBX 295 at Deutsche Bank

Rotork (LON:ROR) had its target price increased by investment analysts at Deutsche Bank from GBX 250 ($3.27) to GBX 295 ($3.85) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential downside of 2.58% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Numis Securities reaffirmed an “add” rating and issued a GBX 315 ($4.12) target price on shares of Rotork in a research note on Wednesday, March 6th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 360 ($4.70) target price (up previously from GBX 325 ($4.25)) on shares of Rotork in a research note on Friday, April 26th. UBS Group reaffirmed a “buy” rating on shares of Rotork in a research note on Tuesday, April 23rd. Citigroup lowered their target price on shares of Rotork from GBX 345 ($4.51) to GBX 325 ($4.25) and set a “buy” rating for the company in a research note on Wednesday, March 6th. Finally, HSBC lowered 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 research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Rotork presently has a consensus rating of “Hold” and an average target price of GBX 314.36 ($4.11).

Shares of LON:ROR opened at GBX 302.80 ($3.96) on Friday. Rotork has a 52 week low of GBX 232.60 ($3.04) and a 52 week high of GBX 363.20 ($4.75). The company has a quick ratio of 1.62, a current ratio of 2.24 and a debt-to-equity ratio of 11.85. The company has a market capitalization of $2.67 billion and a price-to-earnings ratio of 28.84.

In related news, insider Jonathan Davis acquired 484 shares of the stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of GBX 297 ($3.88) per share, with a total value of £1,437.48 ($1,878.32).

Rotork Company Profile

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.

Further Reading: What is a Leveraged Buyout (LBO)?

Analyst Recommendations for Rotork (LON:ROR)

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