Rotork (LON:ROR) Sets New 1-Year Low – Here’s What Happened

Rotork plc (LON:ROR)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 291.20 and last traded at GBX 291.20, with a volume of 1370749 shares changing hands. The stock had previously closed at GBX 294.

Analyst Ratings Changes

Several research firms recently weighed in on ROR. Berenberg Bank reduced their target price on Rotork from GBX 430 to GBX 420 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 400 price objective on shares of Rotork in a research note on Tuesday, May 5th. Shore Capital Group upgraded shares of Rotork to a “hold” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Rotork from GBX 390 to GBX 405 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 405.

Rotork Trading Down 2.2%

The firm has a market capitalization of £2.34 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 7.69, a quick ratio of 2.16 and a current ratio of 2.50. The business has a fifty day moving average price of GBX 306.61 and a 200 day moving average price of GBX 329.46.

Insider Transactions at Rotork

In other news, insider Kiet Huynh purchased 49 shares of the stock in a transaction on Monday, May 11th. The stock was purchased at an average price of £150.05 per share, with a total value of £7,352.45. Insiders bought a total of 143 shares of company stock worth $765,212 over the last ninety days. 0.35% of the stock is currently owned by insiders.

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.