Key Points
- Insider purchase: Director Kiet Huynh bought 45 shares on December 10 at GBX 327 each, a total value of £147.15.
- Share buyback announced: Rotork's board initiated an open‑market stock buyback plan on November 19, a move that typically signals management believes the shares are undervalued.
- Analyst sentiment is positive: Five analysts rate the stock a Buy and one a Hold, giving a consensus "Moderate Buy" with a price target of GBX 397, while JPMorgan has raised its target to GBX 420.
Rotork plc (LON:ROR - Get Free Report) insider Kiet Huynh acquired 45 shares of the business's stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average price of GBX 327 per share, with a total value of £147.15.
Rotork Price Performance
Shares of LON:ROR opened at GBX 329.20 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21. The business's fifty day moving average price is GBX 337.47 and its two-hundred day moving average price is GBX 333.64. The stock has a market cap of £2.72 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. Rotork plc has a one year low of GBX 266.80 and a one year high of GBX 357.
Rotork announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 19th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on ROR shares. Panmure Gordon increased their price objective on Rotork from GBX 360 to GBX 370 and gave the company a "buy" rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. upped their target price on shares of Rotork from GBX 390 to GBX 420 and gave the company an "overweight" rating in a report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 397.
Read Our Latest Stock Analysis on Rotork
About Rotork
(
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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.
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