JPMorgan Chase & Co. Upgrades Rotork (LON:ROR) to Overweight

Rotork (LON:ROR) was upgraded by equities researchers at JPMorgan Chase & Co. to an “overweight” rating in a research note issued on Wednesday, Marketbeat Ratings reports. The firm presently has a GBX 370 ($4.84) target price on the stock, up from their prior target price of GBX 365 ($4.77). JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 14.41% from the company’s current price.

Several other brokerages have also commented on ROR. Shore Capital restated a “hold” rating on shares of Rotork in a research report on Tuesday, August 6th. Berenberg Bank increased their price target on Rotork from GBX 370 ($4.84) to GBX 380 ($4.97) and gave the stock a “buy” rating in a report on Friday, August 9th.

Rotork Stock Up 0.1 %

Shares of Rotork stock opened at GBX 323.40 ($4.23) on Wednesday. Rotork has a one year low of GBX 286.40 ($3.75) and a one year high of GBX 363 ($4.75). The company has a debt-to-equity ratio of 1.96, a current ratio of 3.21 and a quick ratio of 2.16. The stock’s 50-day moving average is GBX 335.09 and its 200 day moving average is GBX 330.72. The firm has a market cap of £2.75 billion, a price-to-earnings ratio of 2,327.14, a PEG ratio of 2.48 and a beta of 0.96.

About Rotork

Rotork plc designs, manufactures, and markets industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.