Rotork (LON:ROR) Sets New 12-Month High – Should You Buy?

Shares of Rotork plc (LON:ROR) hit a new 52-week high on Friday . The stock traded as high as GBX 488.40 and last traded at GBX 488.40, with a volume of 5688140 shares trading hands. The stock had previously closed at GBX 486.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ROR shares. JPMorgan Chase & Co. upped their price target on Rotork from GBX 390 to GBX 405 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 400 price objective on shares of Rotork in a research report on Tuesday, May 5th. Finally, Shore Capital Group upgraded shares of Rotork to a “hold” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 405.

Rotork Trading Up 0.4%

The company has a current ratio of 2.50, a quick ratio of 2.16 and a debt-to-equity ratio of 7.69. The business has a 50 day moving average price of GBX 325.35 and a 200-day moving average price of GBX 334.78. The firm has a market capitalization of £3.97 billion, a PE ratio of 35.61, a P/E/G ratio of 2.48 and a beta of 0.98.

Insiders Place Their Bets

In other Rotork news, insider Kiet Huynh acquired 49 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of £150.05 per share, for a total transaction of £7,352.45. Insiders acquired a total of 149 shares of company stock worth $765,137 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

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.