Shares of Rotork plc (LON:ROR – Get Rating) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 316.10 ($3.93) and traded as high as GBX 327.20 ($4.07). Rotork shares last traded at GBX 325.60 ($4.05), with a volume of 532,718 shares trading hands.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Peel Hunt reissued an “add” rating and set a GBX 350 ($4.35) target price on shares of Rotork in a research note on Tuesday, February 28th. Jefferies Financial Group reissued a “hold” rating and set a GBX 350 ($4.35) target price on shares of Rotork in a research note on Tuesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Rotork from GBX 330 ($4.10) to GBX 345 ($4.29) and gave the company an “overweight” rating in a research note on Wednesday, March 1st. Finally, Shore Capital upgraded shares of Rotork to a “hold” rating in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rotork currently has an average rating of “Moderate Buy” and a consensus price target of GBX 339 ($4.22).
Rotork Trading Up 1.0 %
The company has a current ratio of 3.27, a quick ratio of 2.16 and a debt-to-equity ratio of 1.50. The firm has a market cap of £2.80 billion, a PE ratio of 2,960.00, a P/E/G ratio of 2.48 and a beta of 1.11. The company’s 50-day moving average is GBX 319.75 and its 200 day moving average is GBX 316.10.
Rotork Increases Dividend
Insider Buying and Selling at Rotork
In related news, insider Karin Meurk-Harvey acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were purchased at an average price of GBX 299 ($3.72) per share, for a total transaction of £5,980 ($7,437.81). In other Rotork news, insider Jonathan Davis sold 13,401 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of GBX 328 ($4.08), for a total value of £43,955.28 ($54,670.75). Also, insider Karin Meurk-Harvey purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average price of GBX 299 ($3.72) per share, for a total transaction of £5,980 ($7,437.81). Company insiders own 0.68% of the company’s stock.
Rotork Company Profile
Rotork plc designs, manufactures, and markets flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.
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