Rotork (LON:ROR) Sets New 1-Year High – What’s Next?

Rotork plc (LON:ROR)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 379.80 and last traded at GBX 376, with a volume of 2666946 shares traded. The stock had previously closed at GBX 374.20.

Wall Street Analyst Weigh In

ROR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Rotork from GBX 390 to GBX 420 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Panmure Gordon upped their target price on Rotork from GBX 360 to GBX 370 and gave the company a “buy” rating in a research report on Thursday, November 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 397.

Rotork Trading Up 0.5%

The stock has a market cap of £3.09 billion, a PE ratio of 32.14, a PEG ratio of 2.48 and a beta of 0.96. The company’s fifty day moving average is GBX 342.64 and its 200-day moving average is GBX 340.95. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.21 and a quick ratio of 2.16.

Rotork announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 19th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board 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.