Rotork PLC -5.1% potential downside indicated by JP Morgan Cazenove

Rotork PLC with ticker (LON:ROR) now has a potential downside of -5.1% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 300 GBX for the company, which when compared to the Rotork PLC share price of 316 GBX at opening today (19/04/2024) indicates a potential downside of -5.1%. Trading has ranged between 277 (52 week low) and 345 (52 week high) with an average of 1,488,183 shares exchanging hands daily. The market capitalisation at the time of writing is £2,693,754,118.

Rotork plc is a United Kingdom-based global provider of flow control and instrumentation solutions for the industrial actuation and flow control markets. These include oil and gas, water and wastewater, power, chemical process, and industrial applications. Its segments include Oil & Gas, Chemical, Process & Industrial and Water & Power. The Oil & Gas segment is a supplier of electric critical duty actuators and related services to the global oil and gas sector. The Chemical, Process & Industrial segment is a supplier of specialist actuators and instruments for niche applications in the broad chemical, process industry, and industrial sectors. Water & Power segment supplier of premium actuators, predominantly electric, and gearboxes for applications in the water and power generation sectors. Its products include electric actuators, fluid power actuators, process control actuators, gearboxes and valve accessories, instrumentation and control, pneumatic valves and manifolds, and others.