Rotork (LON:ROR)‘s stock had its “outperform” rating reissued by equities researchers at BNP Paribas in a research note issued to investors on Wednesday. They currently have a GBX 390 ($5.23) target price on the stock, up from their prior target price of GBX 311 ($4.17). BNP Paribas’ target price points to a potential upside of 10.86% from the stock’s current price.
Several other brokerages also recently weighed in on ROR. Credit Suisse Group increased their price target on Rotork from GBX 260 ($3.49) to GBX 300 ($4.03) and gave the stock a “neutral” rating in a report on Thursday, May 10th. Deutsche Bank reiterated a “hold” rating on shares of Rotork in a report on Tuesday, May 15th. Citigroup increased their price objective on Rotork from GBX 325 ($4.36) to GBX 345 ($4.63) and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Peel Hunt raised Rotork to a “buy” rating and increased their price objective for the stock from GBX 325 ($4.36) to GBX 340 ($4.56) in a research note on Monday, April 23rd. Finally, JPMorgan Chase reissued an “overweight” rating and issued a GBX 290 ($3.89) price objective on shares of Rotork in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 297.12 ($3.99).
Shares of Rotork traded down GBX 3.30 ($0.04), hitting GBX 351.80 ($4.72), during midday trading on Wednesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 1,570,577 shares, compared to its average volume of 3,300,000. Rotork has a 12-month low of GBX 221.30 ($2.97) and a 12-month high of GBX 306.80 ($4.12).
In related news, insider Jonathan Davis bought 479 shares of the company’s stock in a transaction on Friday, April 20th. The shares were acquired at an average price of GBX 300 ($4.03) per share, with a total value of £1,437 ($1,928.08). Also, insider Stephen Rhys Jones sold 2,266 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of GBX 277 ($3.72), for a total value of £6,276.82 ($8,421.87).
Rotork Company Profile
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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