Rotork (ROR) Hits New 52-Week Low After Analyst Downgrade

Shares of Rotork p.l.c. (LON:ROR) hit a new 52-week low during mid-day trading on Wednesday after Morgan Stanley lowered their price target on the stock from GBX 300 to GBX 296. Morgan Stanley currently has an equal weight rating on the stock. Rotork traded as low as GBX 244.60 ($3.20) and last traded at GBX 254 ($3.32), with a volume of 2169739 shares. The stock had previously closed at GBX 261.50 ($3.42).

A number of other brokerages also recently issued reports on ROR. Liberum Capital reaffirmed a “hold” rating on shares of Rotork in a research note on Tuesday, August 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Rotork in a research note on Friday, November 23rd. Deutsche Bank reaffirmed a “hold” rating on shares of Rotork in a research note on Friday, August 17th. Goldman Sachs Group downgraded Rotork to a “neutral” rating and raised their target price for the stock from GBX 320 ($4.18) to GBX 325 ($4.25) in a research note on Thursday, August 9th. Finally, Barclays raised their target price on Rotork from GBX 300 ($3.92) to GBX 325 ($4.25) and gave the stock an “equal weight” rating in a research note on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 319.18 ($4.17).

In other Rotork news, insider Jonathan Davis purchased 426 shares of the stock in a transaction dated Friday, September 21st. The stock was acquired at an average cost of GBX 337 ($4.40) per share, for a total transaction of £1,435.62 ($1,875.89). Also, insider Gary Bullard purchased 4,000 shares of the stock in a transaction dated Friday, November 23rd. The shares were acquired at an average price of GBX 261 ($3.41) per share, with a total value of £10,440 ($13,641.71).



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Rotork Company Profile (LON:ROR)

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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