Rotork (LON:ROR) Hits New 1-Year 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 during trading 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).

Wall Street Analysts Forecast Growth

A number of analysts have commented on ROR shares. Jefferies Financial Group restated a "buy" rating and set a GBX 430 price target on shares of Rotork in a research report on Tuesday, August 5th. Berenberg Bank restated a "buy" rating and set a GBX 395 price target on shares of Rotork in a research report on Tuesday, August 5th. Finally, Shore Capital restated a "hold" rating on shares of Rotork in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 396.25.

Rotork Price Performance

The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 1.97. The business's fifty day moving average is GBX 335.32 and its 200 day moving average is GBX 320.34. The firm has a market capitalization of £2.89 billion, a P/E ratio of 2,972.80, a P/E/G ratio of 2.48 and a beta of 0.96.

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

Rotork Company Profile

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.