Shore Capital initiated coverage on shares of Rotork (LON:ROR) in a research report released on Tuesday morning, Digital Look reports. The brokerage issued a sell rating on the stock.
ROR has been the subject of a number of other reports. Deutsche Bank increased their price objective on shares of Rotork from GBX 320 ($4.21) to GBX 330 ($4.34) and gave the stock a hold rating in a research note on Monday, January 20th. Peel Hunt reissued a buy rating on shares of Rotork in a research note on Thursday, November 21st. Goldman Sachs Group increased their price objective on shares of Rotork from GBX 295 ($3.88) to GBX 320 ($4.21) and gave the stock a neutral rating in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their price objective on shares of Rotork from GBX 330 ($4.34) to GBX 320 ($4.21) and set an overweight rating for the company in a research note on Tuesday, October 22nd. Finally, BNP Paribas cut shares of Rotork to a neutral rating in a research note on Thursday, November 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Rotork presently has an average rating of Hold and an average target price of GBX 326.42 ($4.29).
Shares of LON ROR opened at GBX 306.50 ($4.03) on Tuesday. The firm has a fifty day moving average price of GBX 320.08 and a 200-day moving average price of GBX 316.48. The company has a debt-to-equity ratio of 6.45, a current ratio of 2.13 and a quick ratio of 1.56. The stock has a market cap of $2.67 billion and a PE ratio of 29.47. Rotork has a 1 year low of GBX 268.50 ($3.53) and a 1 year high of GBX 344.70 ($4.53).
In related news, insider Jonathan Davis bought 440 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of GBX 336 ($4.42) per share, with a total value of £1,478.40 ($1,944.75). Insiders have purchased 942 shares of company stock valued at $306,435 over the last ninety days.
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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