Rotork (LON:ROR) Reaches New 52-Week High – Still a Buy?

Shares of Rotork plc (LON:ROR) reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 493 and last traded at GBX 493, with a volume of 1,649,953 shares trading hands. The stock had previously closed at GBX 491.

Analyst Ratings Changes

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

Rotork Trading Down 0.1%

The firm’s 50-day simple moving average is GBX 486.16 and its 200 day simple moving average is GBX 389.97. 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 capitalization of £4.01 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 2.48 and a beta of 1.05.

Rotork (LON:ROR) last issued its 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%. Equities analysts expect that Rotork plc will post 16.46 earnings per share for the current year.

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.