Rotork (LON:ROR) Sets New 52-Week High – Here’s Why

Rotork plc (LON:ROR) reached a new 52-week high on Thursday . The stock traded as high as GBX 486.60 and last traded at GBX 486.40, with a volume of 33111738 shares. The stock had previously closed at GBX 290.80.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Rotork from GBX 390 to GBX 405 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 400 price target on shares of Rotork in a report on Tuesday, May 5th. Finally, Shore Capital Group raised Rotork to a “hold” rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Rotork presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 405.

Rotork Stock Up 0.2%

The business’s 50 day simple moving average is GBX 310.67 and its 200-day simple moving average is GBX 330.27. The company has a market cap of £3.95 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 7.69, a quick ratio of 2.16 and a current ratio of 2.50.

Insider Activity

In other news, insider Kiet Huynh acquired 49 shares of Rotork stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of £150.05 per share, with a total value of £7,352.45. Insiders acquired 149 shares of company stock worth $765,137 in the last ninety days. 0.35% of the stock is currently owned by company insiders.

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.