Rotork (ROR) Rating Increased to Buy at Bank of America
Rotork (LON:ROR) was upgraded by Bank of America to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a GBX 300 ($3.92) target price on the stock, up from their previous target price of GBX 240 ($3.14). Bank of America‘s target price points to a potential upside of 13.64% from the company’s current price.
Several other brokerages have also issued reports on ROR. JPMorgan Chase & Co. dropped their target price on shares of Rotork from GBX 360 ($4.70) to GBX 315 ($4.12) and set an “overweight” rating for the company in a research report on Tuesday, December 4th. Goldman Sachs Group lowered their price target on Rotork from GBX 325 ($4.25) to GBX 290 ($3.79) and set a “neutral” rating for the company in a research report on Tuesday. Morgan Stanley cut their target price on Rotork from GBX 300 ($3.92) to GBX 296 ($3.87) and set an “equal weight” rating on the stock in a research note on Wednesday, December 5th. Credit Suisse Group downgraded Rotork to an “underperform” rating in a report on Wednesday, November 14th. Finally, Liberum Capital restated a “hold” rating on shares of Rotork in a report on Thursday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 313.39 ($4.09).
Shares of Rotork stock opened at GBX 264 ($3.45) on Wednesday. Rotork has a 1-year low of GBX 221.30 ($2.89) and a 1-year high of GBX 306.80 ($4.01).
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.
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