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

Shares of Rotork plc (LON:ROR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 397.

Several brokerages recently issued reports on ROR. Panmure Gordon lifted their price objective on Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. increased their price objective on Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research note on Thursday, December 4th.

Rotork Price Performance

Shares of LON:ROR opened at GBX 327.60 on Monday. The firm has a market capitalization of £2.71 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. 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 business’s 50 day simple moving average is GBX 335.52 and its 200-day simple moving average is GBX 334.25. Rotork has a 12 month low of GBX 266.80 and a 12 month high of GBX 357.

Rotork declared that its board has initiated a share buyback plan on Wednesday, November 19th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Dorothy Thompson purchased 17,610 shares of the stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average cost of GBX 340 per share, for a total transaction of £59,874. 0.30% of the stock is owned by corporate insiders.

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.