Numis Securities Reiterates Hold Rating for Rotork (ROR)

Rotork (LON:ROR)‘s stock had its “hold” rating reissued by Numis Securities in a research note issued on Tuesday. They presently have a GBX 245 ($3.30) price objective on the stock. Numis Securities’ price target points to a potential downside of 5.59% from the stock’s current price.

Several other research firms also recently weighed in on ROR. Citigroup reaffirmed a “buy” rating on shares of Rotork in a research report on Monday. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 255 ($3.43) target price on shares of Rotork in a research report on Friday, October 13th. Goldman Sachs Group reaffirmed a “buy” rating and issued a GBX 280 ($3.77) target price on shares of Rotork in a research report on Thursday, August 24th. reaffirmed a “hold” rating and issued a GBX 250 ($3.36) target price on shares of Rotork in a research report on Friday, September 29th. Finally, Morgan Stanley lifted their target price on Rotork from GBX 293 ($3.94) to GBX 317 ($4.27) and gave the company an “overweight” rating in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Rotork has a consensus rating of “Hold” and an average target price of GBX 261.47 ($3.52).

Rotork (LON:ROR) opened at GBX 259.50 ($3.49) on Tuesday. Rotork has a 52-week low of GBX 221.30 ($2.98) and a 52-week high of GBX 273 ($3.67).

In related news, insider Sally James acquired 350 shares of the stock in a transaction dated Friday, October 20th. The stock was acquired at an average cost of GBX 262 ($3.53) per share, with a total value of £917 ($1,234.19). Also, insider Jonathan Davis acquired 551 shares of the stock in a transaction dated Tuesday, November 21st. The shares were bought at an average cost of GBX 261 ($3.51) per share, with a total value of £1,438.11 ($1,935.55). Over the last three months, insiders have bought 1,469 shares of company stock valued at $379,215.

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About Rotork

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.

Analyst Recommendations for Rotork (LON:ROR)

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