Rotork (LON:ROR) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Rotork's share price has crossed above its 200-day moving average, indicating potential bullish sentiment, with current trading at GBX 317.80 ($4.22).
• Research firms have recently altered their ratings on Rotork, with Royal Bank of Canada upgrading it to "outperform" and setting a price target of GBX 370 ($4.91).
• Insider Svein Richard Brandtzæg purchased 5,500 shares at GBX 324 ($4.30) each, reflecting confidence in the company's future prospects.

Rotork plc (LON:ROR - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 318.32 ($4.23) and traded as high as GBX 324 ($4.31). Rotork shares last traded at GBX 317.80 ($4.23), with a volume of 1,935,527 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on ROR. Shore Capital reiterated a "hold" rating on shares of Rotork in a report on Tuesday. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 430 ($5.72) price objective on shares of Rotork in a report on Tuesday. Berenberg Bank reiterated a "buy" rating and issued a GBX 395 ($5.25) price objective on shares of Rotork in a report on Tuesday. Finally, Royal Bank Of Canada upgraded Rotork to an "outperform" rating and set a GBX 370 ($4.92) price objective for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 396.25 ($5.27).

Rotork Stock Down 1.1%

The firm has a market capitalization of £2.82 billion, a PE ratio of 24.03, a PEG ratio of 2.48 and a beta of 0.96. The company has a fifty day moving average price of GBX 322.74 and a 200-day moving average price of GBX 318.48. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21.

Rotork (LON:ROR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported GBX 7.10 ($0.09) earnings per share for the quarter. Rotork had a return on equity of 19.42% and a net margin of 15.98%. As a group, analysts expect that Rotork plc will post 16.4574899 earnings per share for the current year.

Insider Buying and Selling

In other Rotork news, insider Svein Richard Brandtzæg acquired 5,500 shares of the business's stock in a transaction on Friday, June 13th. The shares were bought at an average price of GBX 324 ($4.31) per share, with a total value of £17,820 ($23,693.66). 0.52% of the stock is owned by company insiders.

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.