Renishaw (RSW) Receives GBX 3,725 Consensus Price Target from Analysts
Renishaw (LON:RSW) has received an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 3,725 ($53.34).
RSW has been the subject of several recent research reports. Barclays boosted their price objective on Renishaw from GBX 3,880 ($55.56) to GBX 4,100 ($58.71) and gave the stock an “underweight” rating in a report on Monday, December 18th. Numis Securities reissued a “hold” rating and set a GBX 5,200 ($74.46) price objective on shares of Renishaw in a report on Friday, January 26th. Peel Hunt reissued a “hold” rating and set a GBX 4,600 ($65.86) price objective on shares of Renishaw in a report on Monday, April 9th. Goldman Sachs raised Renishaw to a “buy” rating in a report on Wednesday, April 4th. Finally, Deutsche Bank reaffirmed a “sell” rating and issued a GBX 4,255 ($60.92) price target on shares of Renishaw in a research note on Wednesday, April 11th.
RSW stock opened at GBX 4,772.65 ($68.34) on Friday. Renishaw has a 12 month low of GBX 3,024 ($43.30) and a 12 month high of GBX 5,820 ($83.33).
The business also recently declared a dividend, which was paid on Monday, April 9th. Stockholders of record on Thursday, March 8th were paid a GBX 14 ($0.20) dividend. The ex-dividend date was Thursday, March 8th. This represents a dividend yield of 0.28%.
In related news, insider Kath Durrant purchased 198 shares of the stock in a transaction dated Thursday, January 25th. The stock was bought at an average cost of GBX 5,035 ($72.09) per share, with a total value of £9,969.30 ($14,274.48).
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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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