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Engineer pitched to reclaim premium rating
Thursday 21 Sep 2017 Author: Tom Sieber

Investment bank UBS says now is the time to buy engineer Rotork (ROR).

Analyst Mark Fielding says: ‘A return to 25%-plus operating margins by 2021 supports a 12% per year earnings per share compound annual growth rate and can catalyse a return to a sector premium rating’.

The company has struggled thanks to weakness in the oil and gas market and currently trades at 253p. UBS has a 295p price        target.

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