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A report released today by Berenberg about Rockwell Automation (NYSE:ROK) raises the target price to $110.00

Rockwell Automation (NYSE:ROK) had its target price raised to $110.00 by Berenberg in a report released 10/03/2016. The new target price indicates a possible downside of -0.10% based on the company's last stock close price.

Yesterday Rockwell Automation (NYSE:ROK) traded 4.46% higher at $122.34. The company’s 50-day moving average is $116.88 and its 200-day moving average is $115.46. The last stock close price is up 5.96% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,568,225 shares of the stock were exchanged, up from an average trading volume of 743,702

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Rockwell Automation (NYSE:ROK)

Rockwell Automation has a price-earnings ratio of 21.76 with a one year low of $87.53 and a one year high of $123.11 Rockwell Automation’s market capitalization is presently $0.

In addition to Berenberg reporting its target price, a total of 19 brokers have issued a report on the stock. The consensus target price is $109.79 with 0 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 14 brokers rating the stock a hold, 5 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Rockwell Automation (NYSE:ROK)

Rockwell Automation, Inc. (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company's integrated control and information architecture capable of controlling the customer's industrial processes and connecting with their manufacturing enterprise. Architecture & Software has a portfolio of products, including Control platforms that perform multiple control disciplines and monitoring of applications, including discrete, batch and continuous process, drives control, motion control and machine safety control. The Control Products & Solutions segment portfolio includes low and medium voltage electro-mechanical and electronic motor starters, signaling devices, termination and protection devices, relays and timers.

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