Renishaw (RSW) Receives Hold Rating from Peel Hunt

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).

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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).

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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.

Analyst Recommendations for Renishaw (LON:RSW)

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