Rotork (ROR) Price Target Lowered to GBX 290 at Goldman Sachs Group

Rotork (LON:ROR) had its price target trimmed by Goldman Sachs Group from GBX 325 ($4.25) to GBX 290 ($3.79) in a research note released on Tuesday. They currently have a neutral rating on the stock.

Several other equities analysts have also recently issued reports on ROR. JPMorgan Chase & Co. lowered their target price on shares of Rotork from GBX 360 ($4.70) to GBX 315 ($4.12) and set an overweight rating on the stock in a research note on Tuesday, December 4th. Morgan Stanley lowered their target price on shares of Rotork from GBX 300 ($3.92) to GBX 296 ($3.87) and set an equal weight rating on the stock in a research note on Wednesday, December 5th. Credit Suisse Group cut shares of Rotork to an underperform rating in a research note on Wednesday, November 14th. Liberum Capital restated a hold rating on shares of Rotork in a research note on Thursday, November 22nd. Finally, Peel Hunt restated a hold rating on shares of Rotork in a research note on Thursday, November 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 313.39 ($4.09).

Shares of Rotork stock opened at GBX 264.60 ($3.46) on Tuesday. Rotork has a 1 year low of GBX 221.30 ($2.89) and a 1 year high of GBX 306.80 ($4.01).

In other Rotork news, insider Gary Bullard purchased 4,000 shares of Rotork stock in a transaction dated Friday, November 23rd. The stock was purchased at an average price of GBX 261 ($3.41) per share, with a total value of £10,440 ($13,641.71).

About Rotork

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.

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