Rotork (LON:ROR) had its price objective lifted by analysts at Morgan Stanley from GBX 310 ($4.38) to GBX 316 ($4.47) in a research report issued on Monday. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 12.86% from the stock’s previous close.
Several other research firms have also recently issued reports on ROR. Liberum Capital raised their target price on shares of Rotork from GBX 265 ($3.75) to GBX 275 ($3.89) and gave the stock a “hold” rating in a research report on Friday, January 12th. JPMorgan Chase reissued an “overweight” rating and issued a GBX 290 ($4.10) target price on shares of Rotork in a research report on Tuesday, February 27th. HSBC raised shares of Rotork to a “buy” rating and raised their target price for the stock from GBX 250 ($3.53) to GBX 335 ($4.73) in a research report on Friday, January 12th. Jefferies Group raised shares of Rotork to a “hold” rating and raised their target price for the stock from GBX 200 ($2.83) to GBX 280 ($3.96) in a research report on Thursday, February 22nd. Finally, Numis Securities restated a “hold” rating and issued a GBX 245 ($3.46) price target on shares of Rotork in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Rotork has an average rating of “Hold” and a consensus target price of GBX 285.41 ($4.03).
Shares of ROR traded down GBX 4.40 ($0.06) during mid-day trading on Monday, hitting GBX 280 ($3.96). The company had a trading volume of 2,057,056 shares, compared to its average volume of 3,300,000. Rotork has a 1-year low of GBX 221.30 ($3.13) and a 1-year high of GBX 306.80 ($4.34).
In other news, insider Stephen Rhys Jones sold 2,266 shares of Rotork stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of GBX 277 ($3.92), for a total transaction of £6,276.82 ($8,871.83). Also, insider Jonathan Davis acquired 474 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were purchased at an average price of GBX 303 ($4.28) per share, for a total transaction of £1,436.22 ($2,029.99).
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Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.
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