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Prices & Quotes - UK Markets - Rotork (ROR)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 301.80p
Change Today:
2.40p
Market Cap:
2,634.14m
Sector:
Industrial Engineering

Rotork knocked lower by double downgrade out of Bank of America

By Alexander Bueso

Date: Wednesday 08 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Shares of high-flier Rotork were knocked lower by a double downgrade from one of Wall Street's largest brokers.

Analysts at Bank of America predicted that Rotork shares were set to lose altitude as the industrial actuator and valve manufacturer's earnings lost momentum.

The company had managed to achieve a "considerable" operational improvement on the back of its Growth Acceleration Programme, but BofA said that was already reflected in the share price.

In particular, topline growth was being sapped by project deferrals in the oil and gas space and there was limited visibility on a recovery, with risks skewed to the downside.

Hence, the broker lowered its estimates for growth in underlying earnings in 2020-21 to around 3.0-5.0%, entailing a smaller premium vis-a-vis sector peers of 30.0% instead of 50.0%.

All told, their target price came down from 350.0p to 300.0p as a result and their recommendation for the stock was downgraded from 'buy' directly to 'underperform'.



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Rotork Market Data

Currency UK Pounds
Price 301.80p
Change Today 2.40p
52 Week High 341.00p
52 Week Low 191.30p
Volume 1,668,809
Shares Issued 872.81m
Market Cap 2,634.14m

Performance Indicators

Compare performance with the sector and the market.

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Price Trend
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Income
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Growth
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P/E
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 4
Buy 1
Neutral 6
Sell 1
Strong Sell 2
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rotork Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Aug-20 n/a
Paid 25-Sep-20 n/a
Amount 3.90p 0.000p

Trades for 04-Dec-2020

Time Volume / Share Price
16:35 646,440 @ 301.80p
16:29 29 @ 302.00p
16:29 341 @ 302.00p
16:29 593 @ 301.60p
16:29 3,264 @ 301.60p

Rotork Key Personnel

CEO Kevin Hostetler