Rotork (LON:ROR) Reaches New 52-Week High – Here’s What Happened

Rotork plc (LON:ROR)’s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 378.40 and last traded at GBX 378.20, with a volume of 397977 shares. The stock had previously closed at GBX 374.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Panmure Gordon boosted their target price on Rotork from GBX 360 to GBX 370 and gave the company a “buy” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. raised their price target on Rotork from GBX 390 to GBX 420 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 397.

Rotork Stock Performance

The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 1.97. The company has a market capitalization of £3.11 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. The stock’s fifty day simple moving average is GBX 339.63 and its 200-day simple moving average is GBX 339.51.

Rotork declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 19th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.