Rotork (ROR) Rating Increased to Buy at HSBC

HSBC upgraded shares of Rotork (LON:ROR) to a buy rating in a research report report published on Friday morning. They currently have GBX 335 ($4.54) target price on the stock, up from their previous target price of GBX 250 ($3.39).

A number of other analysts have also recently weighed in on ROR. Peel Hunt reaffirmed an add rating and set a GBX 280 ($3.80) target price on shares of Rotork in a research note on Thursday, January 4th. Barclays boosted their target price on shares of Rotork from GBX 255 ($3.46) to GBX 260 ($3.53) and gave the stock an equal weight rating in a research note on Monday, December 18th. reaffirmed a hold rating and set a GBX 250 ($3.39) target price on shares of Rotork in a research note on Friday, September 29th. Deutsche Bank reaffirmed a hold rating and set a GBX 255 ($3.46) target price on shares of Rotork in a research note on Wednesday, November 8th. Finally, Liberum Capital reaffirmed a hold rating and set a GBX 265 ($3.59) target price on shares of Rotork in a research note on Thursday, January 4th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Rotork presently has a consensus rating of Hold and a consensus target price of GBX 271.47 ($3.68).

Rotork (LON:ROR) traded up GBX 9.60 ($0.13) during midday trading on Friday, hitting GBX 301.20 ($4.08). 3,968,728 shares of the company’s stock were exchanged, compared to its average volume of 1,880,000. The company has a market capitalization of $2,620.00 and a PE ratio of 3,346.67. Rotork has a 12-month low of GBX 221.30 ($3.00) and a 12-month high of GBX 304 ($4.12).

In other news, insider Sally James bought 348 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were acquired at an average price of GBX 264 ($3.58) per share, for a total transaction of £918.72 ($1,245.89). Also, insider Jonathan Davis bought 551 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of GBX 261 ($3.54) per share, for a total transaction of £1,438.11 ($1,950.24). In the last three months, insiders purchased 1,249 shares of company stock worth $327,383.

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About Rotork

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.

Analyst Recommendations for Rotork (LON:ROR)

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