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

Rotork plc (LON:ROR) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 294.40 and last traded at GBX 294.40, with a volume of 534423 shares trading hands. The stock had previously closed at GBX 298.40.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ROR shares. Shore Capital Group upgraded Rotork to a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. dropped their price target on shares of Rotork from GBX 420 to GBX 390 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Berenberg Bank reduced their price objective on shares of Rotork from GBX 430 to GBX 420 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 400 target price on shares of Rotork in a research report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 402.

Rotork Stock Up 1.2%

The business’s 50-day moving average is GBX 309.83 and its two-hundred day moving average is GBX 330.40. The firm has a market capitalization of £2.43 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 2.48 and a beta of 0.97. The company has a debt-to-equity ratio of 7.69, a quick ratio of 2.16 and a current ratio of 2.50.

Insider Buying and Selling at Rotork

In other news, insider Kiet Huynh purchased 49 shares of Rotork stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of £150.05 per share, with a total value of £7,352.45. Insiders have acquired 143 shares of company stock worth $765,212 over the last quarter. Company insiders own 0.31% of the company’s stock.

About Rotork

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.