The stock of Rotork p.l.c. (LON:ROR) hit a new 52-week high and has GBX 243.31 target or 3.00% above today’s GBX 236.22 share price. The 6 months bullish chart indicates low risk for the GBX 2.05B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 243.31 price target is reached, the company will be worth GBX 61.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.25% or GBX 9.62 on November 23, hitting GBX 236.22. About 5.49 million shares traded hands or 18.83% up from the average. Rotork p.l.c. (LON:ROR) has risen 23.89% since April 25, 2016 and is uptrending. It has outperformed by 18.56% the S&P500.
Rotork p.l.c. (LON:ROR) Ratings Coverage
Out of 19 analysts covering Rotork PLC (LON:ROR), 2 rate it a “Buy”, 7 “Sell”, while 10 “Hold”. This means 11% are positive. GBX 287 is the highest target while GBX 135 is the lowest. The GBX 183 average target is -22.53% below today’s (GBX 236.22) stock price. Rotork PLC has been the topic of 127 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Liberum Capital maintained Rotork p.l.c. (LON:ROR) on Monday, September 7 with “Sell” rating. The rating was maintained by Investec with “Hold” on Tuesday, August 4. Investec maintained the stock with “Sell” rating in Thursday, February 11 report. Credit Suisse maintained Rotork p.l.c. (LON:ROR) on Friday, October 28 with “Outperform” rating. The firm has “Hold” rating by HSBC given on Tuesday, May 3. The stock of Rotork p.l.c. (LON:ROR) has “Underperform” rating given on Tuesday, October 20 by RBC Capital Markets. The stock of Rotork p.l.c. (LON:ROR) earned “Underperform” rating by RBC Capital Markets on Wednesday, March 2. The rating was maintained by Barclays Capital on Tuesday, January 5 with “Equalweight”. The firm earned “Underweight” rating on Friday, August 5 by Morgan Stanley. The firm earned “Equalwt/In-Line” rating on Friday, August 7 by Morgan Stanley.
Another recent and important Rotork p.l.c. (LON:ROR) news was published by Marketwatch.com which published an article titled: “Brexit-boosted Rotork and miners lead European markets higher” on November 22, 2016.
Rotork plc is a United Kingdom-based firm engaged in the design and manufacture of actuators, which are used for the automation of industrial valves, and flow control products. The company has a market cap of 2.05 billion GBP. The Firm operates through four divisions: Controls, Fluid Systems, Gears and Instruments. It has a 33.3 P/E ratio. The Controls segment is engaged in the design, sale and manufacture of electric actuators.
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