Peel Hunt reissued their reduce rating on shares of Renishaw (LON:RSW) in a report issued on Thursday.

A number of other analysts also recently commented on RSW. Numis Securities increased their price target on Renishaw from GBX 5,200 ($67.95) to GBX 5,900 ($77.09) and gave the company a hold rating in a research report on Monday, July 30th. Barclays reaffirmed an underweight rating on shares of Renishaw in a research report on Wednesday, September 26th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 3,865 ($50.50).

Shares of RSW opened at GBX 3,764 ($49.18) on Thursday. Renishaw has a 12 month low of GBX 3,024 ($39.51) and a 12 month high of GBX 5,820 ($76.05).

Renishaw (LON:RSW) last issued its quarterly earnings results on Thursday, July 26th. The company reported GBX 170.50 ($2.23) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 167.80 ($2.19) by GBX 2.70 ($0.04). Renishaw had a return on equity of 23.90% and a net margin of 20.07%.

The company also recently announced a dividend, which will be paid on Tuesday, October 23rd. Shareholders of record on Thursday, September 20th will be given a GBX 46 ($0.60) dividend. This is an increase from Renishaw’s previous dividend of $14.00. This represents a yield of 0.83%. The ex-dividend date of this dividend is Thursday, September 20th.

Renishaw Company Profile

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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