Rotork (LON:ROR) Hits New 1-Year High – What’s Next?

Rotork plc (LON:ROR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 379.80 and last traded at GBX 376, with a volume of 2666946 shares changing hands. The stock had previously closed at GBX 374.20.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Panmure Gordon increased their price objective on Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. raised their price target on shares of Rotork from GBX 390 to GBX 420 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 397.

Rotork Stock Performance

The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97. The stock’s fifty day moving average is GBX 344.84 and its two-hundred day moving average is GBX 341.66. The firm has a market capitalization of £3.12 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 2.48 and a beta of 0.96.

Rotork announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 19th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.