Morgan Stanley Increases Rotork (ROR) Price Target to GBX 316

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).

How to Become a New Pot Stock Millionaire

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).

ILLEGAL ACTIVITY NOTICE: “Morgan Stanley Increases Rotork (ROR) Price Target to GBX 316” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/09/morgan-stanley-increases-rotork-ror-price-target-to-gbx-316.html.

About Rotork

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.

Analyst Recommendations for Rotork (LON:ROR)

Receive News & Ratings for Rotork Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rotork and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply