Rotork (ROR) Given New GBX 296 Price Target at Morgan Stanley

Rotork (LON:ROR) had its price objective trimmed by Morgan Stanley from GBX 300 ($3.92) to GBX 296 ($3.87) in a research report report published on Wednesday. They currently have an equal weight rating on the stock.

A number of other research firms have also recently weighed in on ROR. Liberum Capital reissued a hold rating on shares of Rotork in a research note on Tuesday, August 7th. Jefferies Financial Group reissued a hold rating on shares of Rotork in a research note on Wednesday, September 5th. Goldman Sachs Group cut shares of Rotork to a neutral rating and upped their target price for the company from GBX 320 ($4.18) to GBX 325 ($4.25) in a research note on Thursday, August 9th. Barclays upped their target price on shares of Rotork from GBX 300 ($3.92) to GBX 325 ($4.25) and gave the company an equal weight rating in a research note on Thursday, August 9th. Finally, Deutsche Bank reissued a hold rating on shares of Rotork in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 319.18 ($4.17).

LON ROR opened at GBX 235.10 ($3.07) on Wednesday. Rotork has a twelve month low of GBX 221.30 ($2.89) and a twelve month high of GBX 306.80 ($4.01).



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

About Rotork

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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