Rotork (LON:ROR) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Rotork plc's share price has surpassed its 200-day moving average, trading at GBX 349.42 ($4.74) after reaching a high of GBX 351.40 ($4.77).
• Wall Street analysts maintain a consensus Moderate Buy rating on the stock with an average target price of GBX 396.25, supported by several firms including Berenberg Bank and Jefferies Financial Group.
• Insider buying activity was noted as insider Svein Richard Brandtzæg purchased 5,500 shares at an average cost of GBX 324, indicating confidence in the company’s prospects.

Rotork plc (LON:ROR - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 319.68 ($4.34) and traded as high as GBX 351.40 ($4.77). Rotork shares last traded at GBX 349.42 ($4.74), with a volume of 1,066,399 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ROR. Berenberg Bank reissued a "buy" rating and set a GBX 395 price objective on shares of Rotork in a report on Tuesday, August 5th. Jefferies Financial Group reissued a "buy" rating and set a GBX 430 price objective on shares of Rotork in a research note on Tuesday, August 5th. Finally, Shore Capital reaffirmed 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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 stock has a fifty day simple moving average of GBX 334.88 and a 200-day simple moving average of GBX 320.23. The stock has a market cap of £2.89 billion, a price-to-earnings ratio of 2,971.25, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96.

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

Insider Buying and Selling at Rotork

In other Rotork news, insider Svein Richard Brandtzæg purchased 5,500 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of GBX 324 per share, for a total transaction of £17,820. Company 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.