Rotork (ROR) Upgraded to Neutral at Credit Suisse Group
Credit Suisse Group upgraded shares of Rotork (LON:ROR) to a neutral rating in a research note issued to investors on Friday morning. The brokerage currently has GBX 250 ($3.27) price objective on the stock, down from their prior price objective of GBX 300 ($3.92).
Several other analysts have also commented on ROR. Goldman Sachs Group lowered shares of Rotork to a neutral rating and increased their target price for the company from GBX 320 ($4.18) to GBX 325 ($4.25) in a research note on Thursday, August 9th. Barclays increased their target price on shares of Rotork from GBX 300 ($3.92) to GBX 325 ($4.25) and gave the company an equal weight rating in a research note on Thursday, August 9th. Deutsche Bank reissued a hold rating on shares of Rotork in a research note on Friday, August 17th. JPMorgan Chase & Co. reissued an overweight rating on shares of Rotork in a research note on Thursday, August 23rd. Finally, Jefferies Financial Group reissued a hold rating on shares of Rotork in a research note on Wednesday, September 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 316.24 ($4.13).
ROR stock opened at GBX 245.30 ($3.21) on Friday. Rotork has a 12 month low of GBX 221.30 ($2.89) and a 12 month high of GBX 306.80 ($4.01).
Rotork Company Profile
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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