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

Shares of Rotork plc (LON:ROR) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 391.

A number of brokerages recently issued reports on ROR. Jefferies Financial Group restated a “buy” rating and issued a GBX 430 price objective on shares of Rotork in a research note on Tuesday, August 5th. Shore Capital reissued a “hold” rating on shares of Rotork in a report on Tuesday, August 5th. Berenberg Bank restated a “buy” rating and set a GBX 395 price target on shares of Rotork in a research report on Tuesday, August 5th. Finally, Panmure Gordon lifted their target price on shares of Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research report on Thursday.

Rotork Stock Up 0.4%

LON:ROR traded up GBX 1.26 during trading hours on Thursday, hitting GBX 341.46. 3,103,131 shares of the company traded hands, compared to its average volume of 5,302,759. Rotork has a one year low of GBX 266.80 and a one year high of GBX 357. The company has a market cap of £2.83 billion, a PE ratio of 29.18, a PEG ratio of 2.48 and a beta of 0.96. The firm’s 50-day simple moving average is GBX 339.33 and its 200-day simple moving average is GBX 330.97. 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 announced that its Board of Directors has approved a stock buyback program on Wednesday, November 19th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Rotork

In related news, insider Dorothy Thompson purchased 17,610 shares of Rotork stock in a transaction dated Wednesday, October 8th. The stock was purchased at an average cost of GBX 340 per share, for a total transaction of £59,874. Corporate insiders own 0.30% 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.