Rotork (LON:ROR) was downgraded by equities researchers at Investec to a “sell” rating in a report released on Tuesday. They currently have a GBX 265 ($3.66) target price on the stock, up from their prior target price of GBX 255 ($3.52). Investec’s target price suggests a potential downside of 3.95% from the company’s current price.
A number of other equities analysts have also recently issued reports on ROR. Liberum Capital reissued a “sell” rating on shares of Rotork in a report on Thursday, November 23rd. Citigroup reaffirmed a “buy” rating on shares of Rotork in a report on Monday, December 4th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 255 ($3.52) price target on shares of Rotork in a report on Monday, December 4th. Numis Securities reaffirmed a “hold” rating and set a GBX 245 ($3.38) price target on shares of Rotork in a report on Tuesday, December 5th. Finally, Barclays raised their price target on Rotork from GBX 255 ($3.52) to GBX 260 ($3.59) and gave the company an “equal weight” rating in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 281.76 ($3.89).
Shares of Rotork (LON ROR) traded down GBX 5.40 ($0.07) on Tuesday, hitting GBX 275.90 ($3.81). The stock had a trading volume of 1,660,000 shares, compared to its average volume of 3,120,000. Rotork has a fifty-two week low of GBX 221.30 ($3.06) and a fifty-two week high of GBX 306.80 ($4.24). The firm has a market cap of $2,400.00 and a PE ratio of 3,941.43.
Rotork Plc is a United Kingdom-based actuator manufacturer and flow control company. The Company operates through four segments: Controls, Fluid Systems, Gears and Instruments. The Controls segment is engaged in the design, manufacture and sale of electric actuators. The Fluid Systems segment is engaged in the design, manufacture and sale of pneumatic and hydraulic actuators.
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