Rotork (LON:ROR) Given New GBX 230 Price Target at Credit Suisse Group

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Rotork (LON:ROR) had its price objective lifted by investment analysts at Credit Suisse Group from GBX 210 ($2.58) to GBX 230 ($2.83) in a research note issued on Wednesday, ThisIsMoney.Co.Uk reports. The firm presently has an “underperform” rating on the stock. Credit Suisse Group’s price objective would suggest a potential downside of 17.86% from the stock’s current price.

Other analysts have also issued reports about the stock. UBS Group reaffirmed a “buy” rating and issued a GBX 310 ($3.81) price objective (down from GBX 320 ($3.94)) on shares of Rotork in a research note on Friday, April 3rd. Berenberg Bank restated a “hold” rating on shares of Rotork in a report on Friday, May 15th. JPMorgan Chase & Co. dropped their price objective on shares of Rotork from GBX 320 ($3.94) to GBX 230 ($2.83) and set an “overweight” rating on the stock in a research note on Wednesday, March 25th. Barclays reduced their price objective on shares of Rotork from GBX 330 ($4.06) to GBX 225 ($2.77) and set an “equal weight” rating for the company in a research note on Friday, April 24th. Finally, Goldman Sachs Group lowered their target price on Rotork from GBX 320 ($3.94) to GBX 220 ($2.71) and set a “neutral” rating for the company in a report on Friday, March 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 256.25 ($3.15).

Shares of ROR stock opened at GBX 280 ($3.45) on Wednesday. Rotork has a twelve month low of GBX 177.05 ($2.18) and a twelve month high of GBX 344.70 ($4.24). The company has a current ratio of 2.75, a quick ratio of 2.11 and a debt-to-equity ratio of 2.14. The stock has a fifty day simple moving average of GBX 269 and a two-hundred day simple moving average of GBX 279.41. The stock has a market capitalization of $2.46 billion and a price-to-earnings ratio of 25.93.

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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Analyst Recommendations for Rotork (LON:ROR)

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