Rotork (LON:ROR) Stock Passes Above 200 Day Moving Average – Here’s Why

Rotork plc (LON:ROR) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 332.09 and traded as high as GBX 340.20. Rotork shares last traded at GBX 338.03, with a volume of 971,724 shares trading hands.

Analysts Set New Price Targets

A number of research firms have issued reports on ROR. Berenberg Bank reaffirmed a “buy” rating and set a GBX 395 price objective on shares of Rotork in a report on Tuesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 430 target price on shares of Rotork in a report on Tuesday, August 5th. Shore Capital restated a “hold” rating on shares of Rotork in a report on Tuesday, August 5th. Finally, Panmure Gordon upped their price objective on shares of Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 391.

Rotork Stock Down 0.4%

The stock’s 50-day moving average price is GBX 338.45 and its two-hundred day moving average price is GBX 332.27. The stock has a market capitalization of £2.79 billion, a P/E ratio of 28.77, a P/E/G ratio of 2.48 and a beta of 0.96. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 1.97.

Rotork declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 19th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity

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