Rotork (LON:ROR) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Rotork shares recently crossed above their 200-day moving average of GBX 320.62, currently trading at GBX 342.22 ($4.67).
• Several analysts, including Jefferies Financial Group and Berenberg Bank, have issued buy ratings for Rotork, with price targets ranging from GBX 395 to GBX 430.
• The company reported earnings of GBX 7.10 per share and has a projected EPS of 16.46 for the current fiscal year, indicating positive growth expectations.

Shares of Rotork plc (LON:ROR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 320.62 ($4.32) and traded as high as GBX 344.60 ($4.64). Rotork shares last traded at GBX 342.22 ($4.61), with a volume of 1,021,326 shares traded.

Analyst Ratings Changes

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

Rotork Trading Down 1.2%

The stock has a market capitalization of £2.81 billion, a P/E ratio of 2,889.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. 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 company has a 50-day moving average price of GBX 337.37 and a 200 day moving average price of GBX 320.91.

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

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.