Rotork (LON:ROR) Hits New 12-Month High – Here’s Why

Rotork plc (LON:ROR)’s share price hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 493.60 and last traded at GBX 492.20, with a volume of 1,018,520 shares changing hands. The stock had previously closed at GBX 493.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ROR. Royal Bank Of Canada cut shares of Rotork to a “sector perform” rating and increased their price objective for the company from GBX 400 to GBX 503 in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of Rotork from GBX 390 to GBX 405 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 503 target price on shares of Rotork in a research report on Tuesday, August 4th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 433.50.

Rotork Trading Up 0.1%

The company has a debt-to-equity ratio of 8.01, a current ratio of 2.54 and a quick ratio of 2.16. The business’s 50 day simple moving average is GBX 486.62 and its 200 day simple moving average is GBX 395.04. The stock has a market cap of £4.01 billion, a P/E ratio of 33.30, a PEG ratio of 2.48 and a beta of 1.05.

Rotork (LON:ROR) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX 7.40 earnings per share for the quarter. Rotork had a return on equity of 21.48% and a net margin of 15.75%. On average, analysts expect that Rotork plc will post 16.46 earnings per share for the current fiscal year.

Rotork Company Profile

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.