Citigroup Reiterates Buy Rating for Rotork (ROR)

Rotork (LON:ROR)‘s stock had its “buy” rating restated by research analysts at Citigroup in a research note issued to investors on Monday.

Other equities research analysts have also issued reports about the company. Peel Hunt boosted their price objective on Rotork from GBX 260 ($3.50) to GBX 280 ($3.77) and gave the stock an “add” rating in a research note on Tuesday, October 31st. UBS upgraded Rotork to a “buy” rating and boosted their price objective for the stock from GBX 255 ($3.43) to GBX 295 ($3.97) in a research note on Monday, September 18th. Goldman Sachs Group reiterated a “buy” rating and set a GBX 280 ($3.77) price objective on shares of Rotork in a research note on Thursday, August 24th. Barclays cut their price objective on Rotork from GBX 270 ($3.63) to GBX 255 ($3.43) and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Finally, Deutsche Bank reiterated a “hold” rating and set a GBX 255 ($3.43) price objective on shares of Rotork in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Rotork presently has a consensus rating of “Hold” and an average price target of GBX 261.47 ($3.52).

Shares of Rotork (LON ROR) opened at GBX 260.60 ($3.51) on Monday. Rotork has a 52 week low of GBX 221.30 ($2.98) and a 52 week high of GBX 273 ($3.67).

In other Rotork news, insider Jonathan Davis acquired 551 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average cost of GBX 261 ($3.51) per share, for a total transaction of £1,438.11 ($1,935.55). Also, insider Sally James acquired 350 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was acquired at an average price of GBX 262 ($3.53) per share, with a total value of £917 ($1,234.19). Insiders bought 1,469 shares of company stock valued at $379,215 over the last 90 days.

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Rotork Company Profile

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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