Rotork (LON:ROR) Sets New 52-Week High – Here’s Why

Rotork plc (LON:ROR)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 388.60 and last traded at GBX 387.40, with a volume of 370374 shares traded. The stock had previously closed at GBX 384.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ROR. Panmure Gordon lifted their price objective on Rotork from GBX 360 to GBX 370 and gave the company a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. boosted their price objective on shares of Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 397.

Rotork Price Performance

The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21. The company has a fifty day moving average price of GBX 352.87 and a two-hundred day moving average price of GBX 344.05. The company has a market cap of £3.18 billion, a P/E ratio of 32.99, a PEG ratio of 2.48 and a beta of 0.96.

Rotork declared that its Board of Directors has authorized a share buyback program on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are 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.