Rotork (ROR) Upgraded to Outperform at Royal Bank of Canada
Royal Bank of Canada upgraded shares of Rotork (LON:ROR) to an outperform rating in a report published on Tuesday morning. Royal Bank of Canada currently has GBX 345 ($4.51) price objective on the stock, up from their previous price objective of GBX 330 ($4.31).
Several other brokerages have also recently commented on ROR. Liberum Capital reaffirmed a hold rating on shares of Rotork in a research report on Tuesday, August 7th. Deutsche Bank reaffirmed a hold rating on shares of Rotork in a research report on Friday, August 17th. Goldman Sachs Group cut shares of Rotork to a neutral rating and increased their price target for the stock from GBX 320 ($4.18) to GBX 325 ($4.25) in a research report on Thursday, August 9th. Barclays raised their target price on shares of Rotork from GBX 300 ($3.92) to GBX 325 ($4.25) and gave the stock an equal weight rating in a report on Thursday, August 9th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 320 ($4.18) target price on shares of Rotork in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 323.24 ($4.22).
Shares of ROR stock opened at GBX 281.20 ($3.67) on Tuesday. Rotork has a one year low of GBX 221.30 ($2.89) and a one year high of GBX 306.80 ($4.01).
Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.
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