Rotork (LON:ROR) Cut to Sector perform at Royal Bank Of Canada

Royal Bank Of Canada cut shares of Rotork (LON:ROR) to a sector perform rating in a report released on Wednesday morning,Digital Look reports. Royal Bank Of Canada currently has GBX 503 target price on the stock, up from their prior target price of GBX 400.

Several other research analysts have also commented on the stock. Shore Capital Group upgraded shares of Rotork to a “hold” rating in a report on Friday, May 1st. Peel Hunt reiterated a “hold” rating and set a GBX 503 price target on shares of Rotork in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on Rotork from GBX 390 to GBX 405 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 400 price target on shares of Rotork in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 433.50.

Rotork Price Performance

ROR opened at GBX 487 on Wednesday. The company has a debt-to-equity ratio of 8.01, a quick ratio of 2.16 and a current ratio of 2.54. Rotork has a 52-week low of GBX 286.40 and a 52-week high of GBX 489.20. The stock has a market capitalization of £3.96 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The stock’s 50 day moving average price is GBX 365 and its 200-day moving average price is GBX 346.29.

Rotork (LON:ROR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported GBX 7.40 EPS for the quarter. Rotork had a return on equity of 21.48% and a net margin of 15.75%. On average, equities research analysts predict that Rotork will post 16.4574899 EPS for the current year.

Insider Activity

In related news, insider Kiet Huynh purchased 49 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of £150.05 per share, with a total value of £7,352.45. Insiders have purchased 149 shares of company stock worth $765,137 in the last ninety days. 0.29% of the stock is currently owned by company insiders.

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.