Rotork p.l.c. 17.8% Potential Upside Indicated by Bank of America Merrill Lynch

Broker Ratings
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Rotork p.l.c. with EPIC/TICKER (LON:ROR) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at Bank of America Merrill Lynch. Rotork p.l.c. are listed in the Industrials sector within UK Main Market. Bank of America Merrill Lynch have set their target price at 350 GBX on its stock. This now indicates the analyst believes there is a possible upside of 17.8% from today’s opening price of 297.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 22.3 points and decreased 6.4 points respectively. The 1 year high stock price is 330.7 GBX while the year low stock price is currently 232.6 GBX.

Rotork p.l.c. has a 50 day moving average of 312.63 GBX and a 200 day moving average of 300.50. There are currently 272,191,677 shares in issue with the average daily volume traded being 1,639,995. Market capitalisation for LON:ROR is £2,615,464,734 GBP.

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    Rotork plc issues a positive trading update for Q1 2024, showing growth in order intake and revenues. Good visibility for H2 and unchanged full-year expectations.

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