Rotork (LON:ROR) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Rotork plc (LON:ROR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 360.03 and traded as high as GBX 486.60. Rotork shares last traded at GBX 485, with a volume of 4,392,614 shares traded.

Wall Street Analyst Weigh In

ROR has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Rotork from GBX 390 to GBX 405 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada downgraded Rotork to a “sector perform” rating and upped their price target for the company from GBX 400 to GBX 503 in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 400 price target on shares of Rotork in a research note on Tuesday, May 5th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 503 target price on shares of Rotork in a report on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 433.50.

Rotork Price Performance

The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 8.01. The firm has a market capitalization of £3.95 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.48 and a beta of 1.05. The company has a fifty day moving average price of GBX 418.32 and a two-hundred day moving average price of GBX 360.03.

Rotork (LON:ROR) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 7.40 EPS for the quarter. Rotork had a net margin of 15.75% and a return on equity of 21.48%. On average, equities research analysts expect that Rotork plc will post 16.4574899 EPS for the current fiscal 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.