Peel Hunt Cuts Rotork p.l.c. (ROR) Price Target to GBX 260
Rotork p.l.c. (LON:ROR) had its price objective cut by equities researchers at Peel Hunt from GBX 265 ($3.42) to GBX 260 ($3.36) in a research report issued to clients and investors on Thursday, May 4th. The firm currently has an “add” rating on the stock. Peel Hunt’s price target would indicate a potential upside of 12.31% from the company’s current price.
Several other research analysts have also recently weighed in on ROR. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 230 ($2.97) target price on shares of Rotork p.l.c. in a research note on Friday, January 6th. Goldman Sachs Group Inc started coverage on Rotork p.l.c. in a research note on Friday, January 6th. They issued a “buy” rating and a GBX 280 ($3.61) price objective for the company. Bank of America Corp increased their price objective on Rotork p.l.c. from GBX 170 ($2.19) to GBX 200 ($2.58) and gave the stock an “underperform” rating in a research note on Wednesday, January 11th. Credit Suisse Group AG downgraded Rotork p.l.c. to a “neutral” rating and increased their price objective for the stock from GBX 230 ($2.97) to GBX 250 ($3.23) in a research note on Thursday, January 26th. Finally, Deutsche Bank AG raised their price target on Rotork p.l.c. from GBX 226 ($2.92) to GBX 255 ($3.29) and gave the stock a “hold” rating in a research note on Friday, February 3rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 229.44 ($2.96).
Rotork p.l.c. (LON:ROR) traded up 2.12% during midday trading on Thursday, hitting GBX 236.40. 1,836,212 shares of the stock were exchanged. The stock’s market cap is GBX 2.05 billion. Rotork p.l.c. has a one year low of GBX 173.97 and a one year high of GBX 269.40. The firm has a 50-day moving average price of GBX 246.33 and a 200-day moving average price of GBX 243.74.
The firm also recently disclosed a dividend, which was paid on Monday, May 15th. Shareholders of record on Thursday, April 6th were given a GBX 3.15 ($0.04) dividend. This is an increase from Rotork p.l.c.’s previous dividend of $1.95. The ex-dividend date was Thursday, April 6th. This represents a yield of 1.28%.
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In other news, insider Stephen Rhys Jones sold 4,821 shares of Rotork p.l.c. stock in a transaction on Friday, March 24th. The stock was sold at an average price of GBX 247 ($3.19), for a total value of £11,907.87 ($15,370.94).
About Rotork p.l.c.
Rotork Plc is a United Kingdom-based actuator manufacturer and flow control company. The Company operates through four segments: Controls, Fluid Systems, Gears and Instruments. The Controls segment is engaged in the design, manufacture and sale of electric actuators. The Fluid Systems segment is engaged in the design, manufacture and sale of pneumatic and hydraulic actuators.
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