Rotork p.l.c. (LON:ROR) had its price objective boosted by stock analysts at Morgan Stanley from GBX 293 ($3.85) to GBX 317 ($4.17) in a research note issued on Tuesday, October 17th. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 17.58% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Barclays PLC decreased their price objective on Rotork p.l.c. from GBX 270 ($3.55) to GBX 255 ($3.35) and set an “equal weight” rating for the company in a report on Thursday, August 17th. Credit Suisse Group reissued a “neutral” rating on shares of Rotork p.l.c. in a report on Friday, July 21st. BNP Paribas reissued a “neutral” rating and issued a GBX 255 ($3.35) price objective on shares of Rotork p.l.c. in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Rotork p.l.c. in a report on Friday, July 14th. Finally, UBS AG raised Rotork p.l.c. to a “buy” rating and boosted their price objective for the company from GBX 255 ($3.35) to GBX 295 ($3.88) in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Rotork p.l.c. currently has a consensus rating of “Hold” and a consensus target price of GBX 253.80 ($3.34).
Shares of Rotork p.l.c. (LON ROR) traded down GBX 4.70 ($0.06) on Tuesday, reaching GBX 267.50 ($3.52). The company had a trading volume of 1,620,148 shares, compared to its average volume of 1,910,000. Rotork p.l.c. has a 52 week low of GBX 190.90 ($2.51) and a 52 week high of GBX 272.80 ($3.59).
In other news, insider Jonathan Davis bought 637 shares of Rotork p.l.c. stock in a transaction on Monday, August 21st. The stock was acquired at an average price of GBX 226 ($2.97) per share, with a total value of £1,439.62 ($1,893.49). Also, insider Sally James bought 350 shares of Rotork p.l.c. stock in a transaction on Friday, October 20th. The shares were purchased at an average cost of GBX 262 ($3.45) per share, with a total value of £917 ($1,206.10). Insiders have acquired 15,540 shares of company stock valued at $3,581,931 in the last three months.
Rotork p.l.c. Company Profile
Rotork Plc is a United Kingdom-based actuator manufacturer and flow control company. The Company operates through four segments: Controls, Fluid Systems, Gears and Instruments. The Controls segment is engaged in the design, manufacture and sale of electric actuators. The Fluid Systems segment is engaged in the design, manufacture and sale of pneumatic and hydraulic actuators.
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