Rotork (LON:ROR) Hits New 12-Month High – Time to Buy?

Rotork plc (LON:ROR) reached a new 52-week high during mid-day trading on Friday. The company traded as high as GBX 489.20 and last traded at GBX 488.80, with a volume of 2472618 shares trading hands. The stock had previously closed at GBX 488.40.

Analyst Ratings Changes

ROR has been the topic of several recent research reports. Peel Hunt reaffirmed a “hold” rating and set a GBX 503 target price on shares of Rotork in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on Rotork from GBX 390 to GBX 405 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada downgraded shares of Rotork to a “sector perform” rating and upped their price objective for the company from GBX 400 to GBX 503 in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 433.50.

Rotork Stock Performance

The stock has a 50-day moving average of GBX 485.63 and a 200 day moving average of GBX 379.73. The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 8.01. The stock has a market cap of £3.98 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

Rotork (LON:ROR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported GBX 7.40 earnings per share (EPS) for the quarter. Rotork had a net margin of 15.75% and a return on equity of 21.48%. As a group, sell-side analysts anticipate that Rotork plc will post 16.4574899 earnings per share for the current year.

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.