Rotork (LON:ROR) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Rotork plc (LON:ROR) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 339.51 and traded as high as GBX 375.38. Rotork shares last traded at GBX 374, with a volume of 221,530,438 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROR. JPMorgan Chase & Co. increased their target price on Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Panmure Gordon increased their price objective on Rotork from GBX 360 to GBX 370 and gave the company a “buy” rating in a research report on Thursday, November 20th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rotork has a consensus rating of “Moderate Buy” and a consensus target price of GBX 397.

Rotork Price Performance

The firm’s 50 day simple moving average is GBX 339.63 and its two-hundred day simple moving average is GBX 339.51. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.21 and a quick ratio of 2.16. The firm has a market capitalization of £3.08 billion, a P/E ratio of 31.97, a P/E/G ratio of 2.48 and a beta of 0.96.

Rotork declared that its board has approved a stock buyback program on Wednesday, November 19th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Rotork Company Profile

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.