Rotork’s (LON:ROR) “Underperform” Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group reiterated their underperform rating on shares of Rotork (LON:ROR) in a report issued on Wednesday, June 5th, Digital Look reports.

ROR has been the topic of a number of other research reports. Peel Hunt upgraded shares of Rotork to a buy rating and decreased their price target for the stock from GBX 340 ($4.44) to GBX 325 ($4.25) in a research note on Monday, February 11th. Deutsche Bank reissued a hold rating on shares of Rotork in a report on Tuesday, March 5th. HSBC cut their price objective on Rotork from GBX 375 ($4.90) to GBX 350 ($4.57) and set a buy rating for the company in a report on Tuesday, March 5th. Goldman Sachs Group cut their price objective on Rotork from GBX 290 ($3.79) to GBX 276 ($3.61) and set a neutral rating for the company in a report on Tuesday, March 5th. Finally, Numis Securities reaffirmed an add rating and issued a GBX 315 ($4.12) price target on shares of Rotork in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 312.07 ($4.08).

Shares of LON:ROR traded up GBX 1.60 ($0.02) during trading on Wednesday, reaching GBX 316.60 ($4.14). The stock had a trading volume of 941,041 shares, compared to its average volume of 3,300,000. The firm’s fifty day moving average is GBX 298.84. The stock has a market capitalization of $2.75 billion and a price-to-earnings ratio of 30.15. The company has a debt-to-equity ratio of 11.85, a current ratio of 2.24 and a quick ratio of 1.62. Rotork has a 52 week low of GBX 232.60 ($3.04) and a 52 week high of GBX 363.20 ($4.75).

In related news, insider Jonathan Davis bought 484 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of GBX 297 ($3.88) per share, for a total transaction of £1,437.48 ($1,878.32).

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.

Further Reading: Price-Sales Ratio

Analyst Recommendations for Rotork (LON:ROR)

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