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

Key Points

• Rotork plc shares have surpassed the 200-day moving average, indicating a potential bullish trend, with the stock last trading at GBX 346.16 ($4.67).
• Brokerages have mostly maintained a positive outlook on Rotork, with Jefferies and Berenberg Bank both reaffirming a "buy" rating and setting price targets of GBX 430 and GBX 395, respectively.
• Insider buying was reported, with an executive acquiring 5,500 shares at GBX 324 each, suggesting confidence in the company's future performance.

Shares of Rotork plc (LON:ROR - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 319.51 ($4.29) and traded as high as GBX 348 ($4.68). Rotork shares last traded at GBX 346.16 ($4.65), with a volume of 1,506,504 shares.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Shore Capital reaffirmed a "hold" rating on shares of Rotork in a report on Tuesday, August 5th. Jefferies Financial Group reaffirmed 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 objective 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, Rotork currently has an average rating of "Moderate Buy" and an average price target of GBX 396.25.

Rotork Stock Down 0.1%

The firm has a market cap of £2.84 billion, a price-to-earnings ratio of 2,821.49, a P/E/G ratio of 2.48 and a beta of 0.96. The firm's 50 day moving average price is GBX 331.80 and its two-hundred day moving average price is GBX 319.64. The company has a debt-to-equity ratio of 1.97, a current ratio of 3.21 and a quick ratio of 2.16.

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

Insider Buying and Selling at Rotork

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

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.