Renishaw (LON:RSW)‘s stock had its “hold” rating reiterated by research analysts at Peel Hunt in a note issued to investors on Monday, April 9th. They currently have a GBX 4,600 ($65.86) price target on the stock. Peel Hunt’s target price would suggest a potential downside of 4.64% from the stock’s current price.
A number of other brokerages have also recently commented on RSW. Barclays lifted their target price on shares of Renishaw from GBX 3,880 ($55.56) to GBX 4,100 ($58.71) and gave the stock an “underweight” rating in a research report on Monday, December 18th. Numis Securities restated a “hold” rating and issued a GBX 5,200 ($74.46) price objective on shares of Renishaw in a research report on Friday, January 26th. Finally, Goldman Sachs upgraded shares of Renishaw to a “buy” rating in a research report on Wednesday, April 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Renishaw has an average rating of “Hold” and a consensus price target of GBX 3,725 ($53.34).
LON RSW opened at GBX 4,824 ($69.07) on Monday. Renishaw has a 52-week low of GBX 3,024 ($43.30) and a 52-week high of GBX 5,820 ($83.33).
Renishaw (LON:RSW) last posted its quarterly earnings data on Thursday, January 25th. The company reported GBX 72.70 ($1.04) earnings per share (EPS) for the quarter. The company had revenue of £279.46 million during the quarter. Renishaw had a net margin of 20.07% and a return on equity of 23.90%.
In related news, insider Kath Durrant purchased 198 shares of Renishaw stock in a transaction that occurred on Thursday, January 25th. The shares were bought at an average price of GBX 5,035 ($72.09) per share, for a total transaction of £9,969.30 ($14,274.48).
Renishaw Company Profile
Renishaw plc, a metrology company, designs, manufactures, sells, distributes, and services metrology and healthcare products worldwide. The company offers metrology products, including co-ordinate measuring machine products, machine tool probe systems, styli for probe systems, performance testing products, gauging systems, fixtures, position encoders, additive manufacturing systems, and vacuum casting machines.
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