Rotork (ROR) Lifted to Buy at HSBC

Rotork (LON:ROR) was upgraded by equities research analysts at HSBC to a “buy” rating in a report issued on Friday. The brokerage currently has a GBX 335 ($4.54) price target on the stock, up from their prior price target of GBX 250 ($3.39). HSBC’s price target indicates a potential upside of 11.22% from the company’s current price.

ROR has been the topic of a number of other reports. UBS Group raised Rotork to a “buy” rating and raised their price target for the company from GBX 255 ($3.46) to GBX 295 ($4.00) in a report on Monday, September 18th. reissued a “hold” rating and set a GBX 250 ($3.39) price target on shares of Rotork in a report on Friday, September 29th. Liberum Capital reissued a “sell” rating and set a GBX 150 ($2.03) price target on shares of Rotork in a report on Monday, October 2nd. Deutsche Bank reissued a “hold” rating and set a GBX 255 ($3.46) price target on shares of Rotork in a report on Friday, October 13th. Finally, Morgan Stanley raised their price target on Rotork from GBX 293 ($3.97) to GBX 317 ($4.30) and gave the company an “overweight” rating in a report on Tuesday, October 17th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 271.47 ($3.68).

Shares of Rotork (LON ROR) traded up GBX 9.60 ($0.13) during midday trading on Friday, reaching GBX 301.20 ($4.08). The company’s stock had a trading volume of 3,968,728 shares, compared to its average volume of 1,880,000. Rotork has a 1 year low of GBX 221.30 ($3.00) and a 1 year high of GBX 304 ($4.12). The firm has a market capitalization of $2,620.00 and a price-to-earnings ratio of 3,346.67.

In other news, insider Sally James bought 348 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was acquired at an average price of GBX 264 ($3.58) per share, with a total value of £918.72 ($1,245.89). Also, insider Jonathan Davis purchased 551 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average price of GBX 261 ($3.54) per share, with a total value of £1,438.11 ($1,950.24). Insiders have purchased 1,249 shares of company stock valued at $327,383 in the last ninety days.

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Rotork Company Profile

Rotork Plc is a United Kingdom-based actuator manufacturer and flow control company. The Company operates through four segments: Controls, Fluid Systems, Gears and Instruments. The Controls segment is engaged in the design, manufacture and sale of electric actuators. The Fluid Systems segment is engaged in the design, manufacture and sale of pneumatic and hydraulic actuators.

Analyst Recommendations for Rotork (LON:ROR)

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