I seem to have bought these shares for more than I paid for them. This is a novel situation.
15 Feb '13
Rotork: Morgan Stanley raises target price from 2240p to 2540p and reiterates an equal-weight rating.
18 Jan '13
Rotork: JP Morgan revises target price from 2500p to 2700p, while not altering the overweight rating.
20 Nov '12
Rotork: JP Morgan raises target price from 2450p to 2500p, overweight rating reiterated. Morgan Stanley raises target price from 2070p to 2240p, equal-weight rating kept.
19 Nov '12
Rotork: Jefferies raises target price from 2190p to 2370p, hold recommendation unchanged. UBS raises target price from 2150p to 2350p, neutral rating kept. Citigroup raises target price from 2065p to 2252p, neutral rating maintained.
16 Nov '12
At the end of October the order book stood at £190.8m, 16.5% higher than the same point last year. Divisionally, Rotork Control's cumulative order intake at the end of October was 8.3% up on the same period last year, and said a number of markets are performing well with Russia, North America and Australia delivering particularly strong results. Rotork Fluid Systems was the fastest growing division and order intake in the third quarter was 47.2% higher than the same period last year. Cumulative order intake to October 28th was up 32.7% on the prior year. Cumulative order intake to the end of October in the Rotork Gears business was 22.4% ahead of the prior year. The company added: "Based on the strong performance year to date, our record order book and diverse end market exposure, the board continues to expect further progress in the full year, with margins slightly lower than those seen in 2011."
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