Shares of Rotork p.l.c. (LON:ROR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 270 ($3.56) and last traded at GBX 270 ($3.56), with a volume of 2,147,868 shares. The stock had previously closed at GBX 265.80 ($3.51).
ROR has been the subject of a number of recent analyst reports. Deutsche Bank AG reaffirmed a “hold” rating on shares of Rotork p.l.c. in a report on Monday, July 10th. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 250 ($3.30) price target on shares of Rotork p.l.c. in a report on Friday, September 29th. Morgan Stanley lifted their price target on Rotork p.l.c. from GBX 293 ($3.87) to GBX 317 ($4.18) and gave the stock an “overweight” rating in a report on Tuesday, October 17th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 265 ($3.50) price target on shares of Rotork p.l.c. in a report on Monday, July 3rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 280 ($3.69) price target on shares of Rotork p.l.c. in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 252.47 ($3.33).
The company has a 50 day moving average price of GBX 255.55 and a 200-day moving average price of GBX 243.33. The stock’s market cap is GBX 2.35 billion.
In related news, insider Martin Lamb purchased 13,985 shares of Rotork p.l.c. stock in a transaction dated Thursday, August 31st. The shares were acquired at an average price of GBX 229 ($3.02) per share, with a total value of £32,025.65 ($42,261.35). Also, insider Jonathan Davis purchased 637 shares of Rotork p.l.c. stock in a transaction dated Monday, August 21st. The shares were bought at an average cost of GBX 226 ($2.98) per share, for a total transaction of £1,439.62 ($1,899.74). Insiders have bought 15,540 shares of company stock worth $3,581,931 in the last ninety days.
Rotork p.l.c. Company Profile
Rotork Plc is a United Kingdom-based actuator manufacturer and flow control company. The Company operates through four segments: Controls, Fluid Systems, Gears and Instruments. The Controls segment is engaged in the design, manufacture and sale of electric actuators. The Fluid Systems segment is engaged in the design, manufacture and sale of pneumatic and hydraulic actuators.