Rotork plc (LON:ROR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Rotork plc (LON:ROR) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 397.

Several research analysts have weighed in on ROR shares. Panmure Gordon upped their price target on Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. upped their target price on shares of Rotork from GBX 390 to GBX 420 and gave the stock an “overweight” rating in a research report on Thursday, December 4th.

Rotork Stock Performance

LON ROR opened at GBX 386.04 on Friday. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97. Rotork has a twelve month low of GBX 266.80 and a twelve month high of GBX 393.60. The business has a 50-day moving average price of GBX 352.87 and a 200-day moving average price of GBX 344.05. The firm has a market cap of £3.18 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96.

Rotork declared that its board has approved a stock repurchase plan on Wednesday, November 19th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership 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.