Rotork (LON:ROR) Price Target Raised to GBX 380 at Berenberg Bank

Rotork (LON:ROR) had its price target upped by Berenberg Bank from GBX 370 ($4.73) to GBX 380 ($4.86) in a report published on Friday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Separately, Shore Capital reaffirmed a hold rating on shares of Rotork in a research report on Tuesday, August 6th.

Rotork Trading Down 0.7 %

Shares of LON ROR traded down GBX 2.20 ($0.03) during trading on Friday, reaching GBX 326 ($4.17). The stock had a trading volume of 1,043,040 shares, compared to its average volume of 1,328,910. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.16 and a current ratio of 3.09. The company has a market cap of £2.79 billion, a P/E ratio of 2,507.69, a PEG ratio of 2.48 and a beta of 0.99. Rotork has a fifty-two week low of GBX 277.20 ($3.54) and a fifty-two week high of GBX 363 ($4.64). The business’s 50-day moving average price is GBX 337.04 and its 200-day moving average price is GBX 328.72.

Rotork Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 23rd. Stockholders of record on Thursday, August 15th will be paid a GBX 2.75 ($0.04) dividend. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, August 15th. Rotork’s payout ratio is currently 5,384.62%.

Rotork Company Profile

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.