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.

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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).

Renishaw (LON:RSW) last announced its quarterly earnings data on Thursday, January 25th. The company reported GBX 72.70 ($1.04) earnings per share for the quarter. The firm had revenue of £279.46 million during the quarter. Renishaw had a return on equity of 23.90% and a net margin of 20.07%.

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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About Renishaw

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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