Rotork (LON:ROR) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Rotork plc shares have surpassed their 200-day moving average, trading at GBX 339.07 ($4.56) on a high of GBX 341 ($4.59).
• A consensus price target of GBX 396.25 has been established among analysts, with four maintaining a "Buy" rating and one a "Hold" rating.
• The company reported a net margin of 15.98% and a return on equity of 19.42%, signaling strong financial performance.

Rotork plc (LON:ROR - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 321.25 ($4.32) and traded as high as GBX 341 ($4.59). Rotork shares last traded at GBX 339.07 ($4.56), with a volume of 1,051,550 shares changing hands.

Analysts Set New Price Targets

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

Rotork Stock 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 firm has a market cap of £2.80 billion, a PE ratio of 2,880.34, a P/E/G ratio of 2.48 and a beta of 0.96. The stock's 50 day moving average price is GBX 338.50 and its 200 day moving average price is GBX 321.25.

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 return on equity of 19.42% and a net margin of 15.98%. As a group, equities analysts forecast that Rotork plc will post 16.4574899 earnings per share for the current fiscal 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.

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