Rotork (LON:ROR) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Rotork plc (LON:ROR)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 354.95 and traded as high as GBX 487.40. Rotork shares last traded at GBX 485.58, with a volume of 41,438,535 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank Of Canada downgraded Rotork to a “sector perform” rating and upped their target price for the company from GBX 400 to GBX 503 in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 400 price target on shares of Rotork in a research note on Tuesday, May 5th. Peel Hunt restated a “hold” rating and set a GBX 503 price objective on shares of Rotork in a report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price objective on shares of Rotork from GBX 390 to GBX 405 and gave the company 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. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 433.50.

Rotork Stock Up 0.2%

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 firm has a market cap of £3.95 billion, a PE ratio of 35.46, a P/E/G ratio of 2.48 and a beta of 1.05. The business has a fifty day moving average price of GBX 401.15 and a two-hundred day moving average price of GBX 355.87.

Rotork (LON:ROR) last posted its quarterly earnings results 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 anticipate that Rotork plc will post 16.4574899 EPS 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.