Deutsche Bank Reiterates Hold Rating for Rotork (ROR)

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Rotork (LON:ROR)‘s stock had its “hold” rating reissued by Deutsche Bank in a research report issued on Friday.

ROR has been the subject of several other research reports. Barclays increased their target price on shares of Rotork from GBX 300 ($3.83) to GBX 325 ($4.15) and gave the stock an “equal weight” rating in a research note on Thursday, August 9th. Goldman Sachs Group lowered shares of Rotork to a “neutral” rating and increased their target price for the stock from GBX 320 ($4.08) to GBX 325 ($4.15) in a research note on Thursday, August 9th. Morgan Stanley lowered their target price on shares of Rotork from GBX 363 ($4.63) to GBX 360 ($4.59) and set an “equal weight” rating for the company in a research note on Wednesday, August 8th. Numis Securities increased their target price on shares of Rotork from GBX 300 ($3.83) to GBX 310 ($3.95) and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 320 ($4.08) target price on shares of Rotork in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 318.33 ($4.06).

Shares of ROR opened at GBX 329 ($4.20) on Friday. Rotork has a 12-month low of GBX 221.30 ($2.82) and a 12-month high of GBX 306.80 ($3.91).

Rotork (LON:ROR) last announced its quarterly earnings data on Tuesday, August 7th. The company reported GBX 5.60 ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 5.30 ($0.07) by GBX 0.30 ($0.00). Rotork had a net margin of 12.45% and a return on equity of 16.70%.

In other Rotork news, insider Jonathan Davis purchased 434 shares of Rotork stock in a transaction dated Thursday, June 21st. The shares were acquired at an average price of GBX 331 ($4.22) per share, with a total value of £1,436.54 ($1,832.56). Insiders have bought 1,270 shares of company stock worth $431,236 in the last three months.

Rotork Company Profile

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.

Further Reading: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Rotork (LON:ROR)

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