Rotork (LON:ROR) Sets New 12-Month High – What’s Next?

Rotork plc (LON:ROR) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 486.60 and last traded at GBX 486.40, with a volume of 33111738 shares. The stock had previously closed at GBX 290.80.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROR. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 400 price objective on shares of Rotork in a report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of Rotork from GBX 390 to GBX 405 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Finally, Shore Capital Group upgraded shares of Rotork to a “hold” rating in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Rotork currently has a consensus rating of “Moderate Buy” and an average price target of GBX 405.

Rotork Price Performance

The stock has a 50-day simple moving average of GBX 303.77 and a 200 day simple moving average of GBX 328.04. The company has a market cap of £3.95 billion, a PE ratio of 35.42, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a quick ratio of 2.16, a current ratio of 2.50 and a debt-to-equity ratio of 7.69.

Insider Activity

In related news, insider Kiet Huynh acquired 49 shares of Rotork stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of £150.05 per share, for a total transaction of £7,352.45. Over the last three months, insiders bought 149 shares of company stock worth $765,137. 0.35% of the stock is currently owned by company insiders.

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.