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

Rotork logo with Industrials background

Key Points

  • Rotork plc's stock price has recently crossed above its 200-day moving average, trading at GBX 346.16 ($4.67), indicating potential upward momentum.
  • Analysts have given the stock a consensus rating of "Moderate Buy", with target prices ranging from GBX 395 to GBX 430, highlighting positive sentiment among market experts.
  • The company reported earnings per share of GBX 7.10 in its latest quarterly results, with expectations of EPS growth to 16.46 for the current fiscal year.
  • Five stocks to consider instead of Rotork.

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 changing hands.

Wall Street Analysts Forecast Growth

ROR has been the topic of several analyst reports. Shore Capital reaffirmed a "hold" rating on shares of Rotork in a research report on Tuesday, August 5th. 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. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 430 target price 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 396.25.

Read Our Latest Analysis on ROR

Rotork Stock Down 0.1%

The business has a 50-day moving average price of GBX 331.80 and a two-hundred day moving average price of GBX 319.64. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97. The firm has a market cap of £2.84 billion, a PE ratio of 2,821.49, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96.

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

Insider Buying and Selling

In other Rotork news, insider Svein Richard Brandtzæg bought 5,500 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average price of GBX 324 per share, with a total value of £17,820. 0.30% of the stock is owned by company insiders.

Rotork Company Profile

(Get Free Report)

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.

Further Reading

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