Rotork (LON:ROR) had its price objective decreased by JPMorgan Chase & Co. from GBX 360 ($4.70) to GBX 315 ($4.12) in a research report sent to investors on Tuesday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.
ROR has been the topic of several other reports. Numis Securities lifted their price objective on Rotork from GBX 300 ($3.92) to GBX 310 ($4.05) and gave the stock a hold rating in a report on Wednesday, August 8th. Jefferies Financial Group restated a hold rating on shares of Rotork in a report on Wednesday, September 5th. Royal Bank of Canada lifted their price objective on Rotork from GBX 280 ($3.66) to GBX 330 ($4.31) and gave the stock a sector performer rating in a report on Monday, August 6th. Peel Hunt restated a hold rating on shares of Rotork in a report on Thursday, November 22nd. Finally, Morgan Stanley dropped their price objective on Rotork from GBX 363 ($4.74) to GBX 360 ($4.70) and set an equal weight rating on the stock in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 319.18 ($4.17).
Shares of LON:ROR opened at GBX 245.40 ($3.21) on Tuesday. Rotork has a one year low of GBX 221.30 ($2.89) and a one year high of GBX 306.80 ($4.01).
In related news, insider Gary Bullard acquired 4,000 shares of Rotork stock in a transaction that occurred on Friday, November 23rd. The stock was acquired at an average price of GBX 261 ($3.41) per share, for a total transaction of £10,440 ($13,641.71). Also, insider Jonathan Davis acquired 426 shares of Rotork stock in a transaction that occurred on Friday, September 21st. The shares were bought at an average price of GBX 337 ($4.40) per share, with a total value of £1,435.62 ($1,875.89).
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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