Royal Bank of Canada upgraded shares of Rotork (LON:ROR) to an outperform rating in a research note published on Tuesday morning. Royal Bank of Canada currently has GBX 345 ($4.51) price target on the stock, up from their previous price target of GBX 330 ($4.31).
Several other equities analysts have also issued reports on the company. Credit Suisse Group lowered Rotork to an underperform rating in a report on Wednesday, November 14th. Jefferies Financial Group reaffirmed a hold rating on shares of Rotork in a report on Wednesday, September 5th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Rotork in a report on Thursday, August 23rd. Deutsche Bank reaffirmed a hold rating on shares of Rotork in a report on Friday, August 17th. Finally, Barclays raised their price objective on Rotork from GBX 300 ($3.92) to GBX 325 ($4.25) and gave the stock an equal weight rating in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 323.24 ($4.22).
Shares of ROR stock opened at GBX 260.20 ($3.40) on Tuesday. Rotork has a 1 year low of GBX 221.30 ($2.89) and a 1 year high of GBX 306.80 ($4.01).
Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.
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