Rotork p.l.c. with ticker (LON:ROR) now has a potential downside of -6.5% according to RBC Capital Markets.
RBC Capital Markets set a target price of 310 GBX for the company, which when compared to the Rotork p.l.c. share price of 330 GBX at opening today (04/02/2022) indicates a potential downside of -6.5%. Trading has ranged between 320 (52 week low) and 381 (52 week high) with an average of 1,071,817 shares exchanging hands daily. The market capitalisation at the time of writing is £2,864,720,412.
Rotork plc is a United Kingdom-based provider of flow control and instrumentation solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. The Company operates through three divisions: Oil & Gas, Water & Power, and Chemical, Process & Industrial (CPI). The Company is engaged in the production of actuators and related flow control equipment for every part of the oil and gas industry, including production, processing, distribution and storage. Its products control valves in the water and wastewater industry. Its flow control products are used in potable water treatment including filtration, desalination and distribution. The Company has manufacturing facilities in more than 20 locations and serves approximately 173 countries through a global services network.
Rotork p.l.c. -6.5% potential downside indicated by RBC Capital Markets
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- Written by: Charlotte Edwards
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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.
