The stock of Rotork p.l.c. (LON:ROR) gapped up by GBX 1.7 today and has GBX 257.48 target or 9.00% above today’s GBX 236.22 share price. The 8 months technical chart setup indicates low risk for the GBX 2.05B company. The gap was reported on Nov, 23 by Barchart.com. If the GBX 257.48 price target is reached, the company will be worth GBX 184.50 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. 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 29.64% since April 26, 2016 and is uptrending. It has outperformed by 24.31% 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. Morgan Stanley maintained Rotork p.l.c. (LON:ROR) rating on Wednesday, October 7. Morgan Stanley has “Equalwt/In-Line” rating and GBX 200 price target. The firm earned “Reduce” rating on Monday, November 9 by Nomura. The stock of Rotork p.l.c. (LON:ROR) has “Underperform” rating given on Tuesday, March 8 by RBC Capital Markets. RBC Capital Markets maintained the shares of ROR in a report on Friday, April 1 with “Underperform” rating. The stock of Rotork p.l.c. (LON:ROR) earned “Neutral” rating by Goldman Sachs on Monday, October 19. The firm earned “Neutral” rating on Wednesday, June 15 by JP Morgan. On Friday, August 28 the stock rating was maintained by Morgan Stanley with “Equalwt/In-Line”. RBC Capital Markets maintained Rotork p.l.c. (LON:ROR) on Tuesday, December 1 with “Underperform” rating. The firm earned “Reduce” rating on Monday, April 4 by Nomura. The stock of Rotork p.l.c. (LON:ROR) earned “Neutral” rating by Haitong Bank on Thursday, September 17.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.