Goldman Sachs Group Raises Renishaw (LON:RSW) Price Target to GBX 3,400

Renishaw (LON:RSW) had its price objective increased by Goldman Sachs Group from GBX 3,150 ($41.44) to GBX 3,400 ($44.73) in a research note published on Monday, Stock Target Advisor reports. Goldman Sachs Group currently has a neutral rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Peel Hunt restated a reduce rating and issued a GBX 3,300 ($43.41) price objective on shares of Renishaw in a research note on Tuesday, October 15th. Peel Hunt restated a reduce rating on shares of Renishaw in a research note on Monday. UBS Group restated a sell rating and issued a GBX 3,200 ($42.09) price objective (down previously from GBX 3,490 ($45.91)) on shares of Renishaw in a research note on Wednesday, November 6th. Finally, Morgan Stanley restated an equal weight rating on shares of Renishaw in a research note on Thursday, December 5th. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has an average rating of Sell and an average target price of GBX 3,463.57 ($45.56).

Shares of Renishaw stock opened at GBX 3,666 ($48.22) on Monday. The company’s fifty day simple moving average is GBX 3,871.08 and its 200-day simple moving average is GBX 3,763.56. The company has a market cap of $2.67 billion and a price-to-earnings ratio of 28.93. The company has a current ratio of 4.27, a quick ratio of 2.71 and a debt-to-equity ratio of 1.78. Renishaw has a 1 year low of GBX 2,830.67 ($37.24) and a 1 year high of GBX 4,724 ($62.14).

About Renishaw

Renishaw plc, a metrology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers metrology products, including additive manufacturing systems, co-ordinate measuring machine products, machine tool probe systems, styli for probe systems, performance testing products, gauging systems, fixtures, and position encoders.

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Analyst Recommendations for Renishaw (LON:RSW)

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