Rotork (LON:ROR) Sets New 12-Month Low – Here’s Why

Rotork plc (LON:ROR) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 291.20 and last traded at GBX 291.20, with a volume of 1370749 shares changing hands. The stock had previously closed at GBX 294.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ROR. JPMorgan Chase & Co. increased their target price on Rotork from GBX 390 to GBX 405 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Berenberg Bank decreased their target price on shares of Rotork from GBX 430 to GBX 420 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 400 price target on shares of Rotork in a report on Tuesday, May 5th. Finally, Shore Capital Group raised shares of Rotork to a “hold” rating in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Rotork presently has an average rating of “Moderate Buy” and an average target price of GBX 405.

Rotork Stock Performance

The company has a market capitalization of £2.34 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The stock’s fifty day simple moving average is GBX 306.61 and its 200-day simple moving average is GBX 329.46. The company has a debt-to-equity ratio of 7.69, a quick ratio of 2.16 and a current ratio of 2.50.

Insider Activity

In other news, insider Kiet Huynh bought 49 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of £150.05 per share, for a total transaction of £7,352.45. Insiders have purchased a total of 143 shares of company stock worth $765,212 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

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.