Rotork p.l.c. (LON:ROR) has been assigned an average recommendation of “Hold” from the seventeen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 323.42 ($4.23).
A number of research firms have commented on ROR. Credit Suisse Group upgraded Rotork to a “neutral” rating and reduced their target price for the company from GBX 300 ($3.92) to GBX 250 ($3.27) in a research report on Friday. Morgan Stanley cut their price objective on Rotork from GBX 300 ($3.92) to GBX 296 ($3.87) and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on Rotork from GBX 360 ($4.70) to GBX 315 ($4.12) and set an “overweight” rating on the stock in a report on Tuesday. Liberum Capital reiterated a “hold” rating on shares of Rotork in a report on Thursday, November 22nd. Finally, Peel Hunt reiterated a “hold” rating on shares of Rotork in a report on Thursday, November 22nd.
In related news, insider Gary Bullard bought 4,000 shares of the stock in a transaction that occurred on Friday, November 23rd. The stock was purchased at an average cost of GBX 261 ($3.41) per share, with a total value of £10,440 ($13,641.71). Also, insider Jonathan Davis bought 426 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were bought at an average cost of GBX 337 ($4.40) per share, with a total value of £1,435.62 ($1,875.89).
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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