Renishaw (LON:RSW) had its price objective hoisted by Barclays from GBX 3,880 ($52.62) to GBX 4,100 ($55.60) in a research report sent to investors on Monday, December 18th. The brokerage currently has an underweight rating on the stock.
Other research analysts also recently issued reports about the stock. Deutsche Bank upped their target price on shares of Renishaw from GBX 3,630 ($49.23) to GBX 4,255 ($57.70) and gave the company a sell rating in a research report on Monday, December 4th. Numis Securities downgraded shares of Renishaw to a hold rating and set a GBX 5,200 ($70.52) target price on the stock. in a research report on Tuesday, December 5th. Peel Hunt downgraded shares of Renishaw to a reduce rating and set a GBX 4,200 ($56.96) target price on the stock. in a research report on Tuesday, October 31st. Citigroup reiterated a neutral rating and issued a GBX 470 ($6.37) price target on shares of Renishaw in a research report on Monday, October 30th. Finally, Investec reiterated a hold rating on shares of Renishaw in a research report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 3,464 ($46.98).
Shares of Renishaw (LON RSW) traded down GBX 25 ($0.34) during midday trading on Monday, reaching GBX 5,380 ($72.96). 69,706 shares of the company traded hands, compared to its average volume of 78,647. The firm has a market cap of $3,930.00 and a P/E ratio of 3,815.60. Renishaw has a 1-year low of GBX 2,671 ($36.22) and a 1-year high of GBX 5,635 ($76.42).
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Renishaw Company Profile
Renishaw plc is a metrology company. The Company operates through two segments: metrology and healthcare. The Company’s metrology products are used in the fields of industrial automation and motion systems. The healthcare products include engineering solutions for stereotactic neurosurgery, diagnosis of infectious diseases, analytical tools that identify and characterize the chemistry and structure of materials, supply of implants to hospitals and specialist design centers for craniomaxillofacial surgery, and products and services that allow dental laboratories to manufacture dental restorations.
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