UBS AG upgraded shares of Rotork p.l.c. (LON:ROR) to a buy rating in a report published on Monday. The brokerage currently has GBX 295 ($3.98) price objective on the stock, up from their previous price objective of GBX 255 ($3.44).
A number of other brokerages have also recently issued reports on ROR. Goldman Sachs Group, Inc. (The) reissued a buy rating and set a GBX 280 ($3.78) target price on shares of Rotork p.l.c. in a report on Wednesday, June 7th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 265 ($3.57) target price on shares of Rotork p.l.c. in a report on Monday, July 31st. Numis Securities Ltd reissued a hold rating and set a GBX 245 ($3.30) target price on shares of Rotork p.l.c. in a report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a hold rating on shares of Rotork p.l.c. in a report on Monday, July 10th. Finally, BNP Paribas reaffirmed a neutral rating and issued a GBX 255 ($3.44) price target on shares of Rotork p.l.c. in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 258 ($3.48).
Shares of Rotork p.l.c. (LON:ROR) opened at 254.00 on Monday. Rotork p.l.c. has a 12 month low of GBX 190.90 and a 12 month high of GBX 269.40. The company’s 50-day moving average price is GBX 233.08 and its 200-day moving average price is GBX 241.76. The firm’s market cap is GBX 2.21 billion.
The business also recently announced a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be given a GBX 2.05 ($0.03) dividend. The ex-dividend date is Thursday, August 24th. This represents a yield of 0.88%.
In related news, insider Jonathan Davis bought 637 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of GBX 226 ($3.05) per share, for a total transaction of £1,439.62 ($1,940.97). Also, insider Peter France bought 1,503 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was bought at an average price of GBX 235 ($3.17) per share, with a total value of £3,532.05 ($4,762.10). Insiders purchased 17,536 shares of company stock valued at $4,052,482 over the last quarter.
About Rotork p.l.c.
Rotork Plc is a United Kingdom-based actuator manufacturer and flow control company. The Company operates through four segments: Controls, Fluid Systems, Gears and Instruments. The Controls segment is engaged in the design, manufacture and sale of electric actuators. The Fluid Systems segment is engaged in the design, manufacture and sale of pneumatic and hydraulic actuators.
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