Rotork (LON:ROR) Hits New 52-Week High - Here's Why

Key Points

• Shares of Rotork plc reached a new 52-week high at GBX 357 ($4.84) with a trading volume of 52,322 shares.
• Analysts have set new price targets with Jefferies Financial Group maintaining a "buy" rating and a target price of GBX 430, while Berenberg Bank also reiterated a "buy" rating with a target of GBX 395.
• Rotork reported a return on equity of 19.42% and a net margin of 15.98%, with predictions of 16.46 earnings per share for the current year.

Shares of Rotork plc (LON:ROR - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 357 ($4.84) and last traded at GBX 351.40 ($4.76), with a volume of 52322 shares traded. The stock had previously closed at GBX 351.40 ($4.76).

Analysts Set New Price Targets

A number of research firms recently weighed in on ROR. Jefferies Financial Group restated a "buy" rating and set a GBX 430 target price on shares of Rotork in a research note on Tuesday, August 5th. Shore Capital reiterated a "hold" rating on shares of Rotork in a research note on Tuesday, August 5th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 395 price target on shares of Rotork in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 396.25.

Rotork Price Performance

The company has a market capitalization of £2.92 billion, a PE ratio of 3,005.13, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.21 and a quick ratio of 2.16. The company's 50 day simple moving average is GBX 333.28 and its 200 day simple moving average is GBX 319.68.

Rotork (LON:ROR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported GBX 7.10 earnings per share for the quarter. Rotork had a return on equity of 19.42% and a net margin of 15.98%. As a group, sell-side analysts predict that Rotork plc will post 16.4574899 earnings per share for the current year.

Insider Buying and Selling at Rotork

In other news, insider Svein Richard Brandtzæg acquired 5,500 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was acquired at an average cost of GBX 324 per share, with a total value of £17,820. Insiders own 0.30% of the company's stock.

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety.

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