Berenberg Bank Cuts Rotork (LON:ROR) Price Target to GBX 420

Rotork (LON:ROR) had its price objective lowered by Berenberg Bank from GBX 430 to GBX 420 in a report released on Wednesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

ROR has been the topic of a number of other research reports. Panmure Gordon lifted their price objective on Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 396.

Rotork Trading Down 0.3%

Shares of Rotork stock opened at GBX 316.80 on Wednesday. Rotork has a twelve month low of GBX 266.80 and a twelve month high of GBX 393.60. The company has a quick ratio of 2.16, a current ratio of 2.50 and a debt-to-equity ratio of 7.69. The business has a 50-day moving average price of GBX 357.98 and a 200-day moving average price of GBX 344.34. The firm has a market cap of £2.60 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 2.48 and a beta of 0.92.

Rotork (LON:ROR) last posted its earnings results on Tuesday, March 10th. The company reported GBX 17 EPS for the quarter. Rotork had a return on equity of 20.10% and a net margin of 14.85%. Equities research analysts anticipate that Rotork will post 16.4574899 EPS for the current fiscal year.

Rotork announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 19th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.