Rotork (LON:ROR) was upgraded by research analysts at Credit Suisse Group to a “neutral” rating in a research note issued to investors on Friday. The brokerage currently has a GBX 250 ($3.27) target price on the stock, down from their previous target price of GBX 300 ($3.92). Credit Suisse Group’s price target would suggest a potential upside of 1.92% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Goldman Sachs Group cut shares of Rotork to a “neutral” rating and lifted their target price for the stock from GBX 320 ($4.18) to GBX 325 ($4.25) in a research report on Thursday, August 9th. Deutsche Bank restated a “hold” rating on shares of Rotork in a research report on Friday, August 17th. Peel Hunt restated a “hold” rating on shares of Rotork in a research report on Thursday, November 22nd. Royal Bank of Canada upgraded shares of Rotork to an “outperform” rating and lifted their target price for the stock from GBX 330 ($4.31) to GBX 345 ($4.51) in a research report on Tuesday, November 20th. Finally, Liberum Capital restated a “hold” rating on shares of Rotork in a research report on Thursday, November 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 316.24 ($4.13).
Shares of ROR opened at GBX 245.30 ($3.21) on Friday. Rotork has a 12-month low of GBX 221.30 ($2.89) and a 12-month high of GBX 306.80 ($4.01).
In other Rotork news, insider Jonathan Davis acquired 426 shares of the firm’s stock in a transaction on Friday, September 21st. The stock was bought at an average cost of GBX 337 ($4.40) per share, for a total transaction of £1,435.62 ($1,875.89). Also, insider Gary Bullard acquired 4,000 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were acquired at an average price of GBX 261 ($3.41) per share, with a total value of £10,440 ($13,641.71).
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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