JPMorgan Chase & Co. Raises Rotork (LON:ROR) Price Target to GBX 405

Rotork (LON:ROR) had its target price increased by stock analysts at JPMorgan Chase & Co. from GBX 390 to GBX 405 in a report released on Wednesday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 34.11% from the company’s current price.

Several other analysts have also recently issued reports on ROR. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 400 target price on shares of Rotork in a research report on Tuesday, May 5th. Shore Capital Group raised Rotork to a “hold” rating in a report on Friday, May 1st. Finally, Berenberg Bank dropped their price target on Rotork from GBX 430 to GBX 420 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Rotork has a consensus rating of “Moderate Buy” and an average target price of GBX 405.

Rotork Price Performance

LON:ROR opened at GBX 302 on Wednesday. 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’s 50-day simple moving average is GBX 309.83 and its two-hundred day simple moving average is GBX 330.40. The stock has a market cap of £2.46 billion, a PE ratio of 22.04, a P/E/G ratio of 2.48 and a beta of 0.97. Rotork has a 52 week low of GBX 292 and a 52 week high of GBX 393.60.

Insider Buying and Selling

In other news, insider Kiet Huynh purchased 49 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of £150.05 per share, with a total value of £7,352.45. Insiders purchased 143 shares of company stock worth $765,212 over the last three months. 0.31% of the stock is currently owned by corporate 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.