Renishaw (LON:RSW) had its price target reduced by Morgan Stanley from GBX 4,220 ($55.14) to GBX 3,920 ($51.22) in a research note released on Wednesday. They currently have an equal weight rating on the stock.

A number of other research firms have also weighed in on RSW. Barclays reiterated an underweight rating on shares of Renishaw in a research note on Wednesday, September 26th. UBS Group reiterated a sell rating and set a GBX 3,704 ($48.40) price objective (down previously from GBX 4,535 ($59.26)) on shares of Renishaw in a research note on Wednesday, November 14th. Finally, Peel Hunt reiterated a reduce rating on shares of Renishaw in a research note on Thursday, October 18th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 4,413.17 ($57.67).

LON RSW opened at GBX 4,182 ($54.65) on Wednesday. Renishaw has a fifty-two week low of GBX 3,024 ($39.51) and a fifty-two week high of GBX 5,820 ($76.05).

In related news, insider William Lee acquired 800 shares of Renishaw stock in a transaction on Tuesday, October 23rd. The stock was acquired at an average price of GBX 3,727 ($48.70) per share, for a total transaction of £29,816 ($38,959.89). Also, insider Carol Chesney acquired 500 shares of Renishaw stock in a transaction on Friday, October 19th. The shares were bought at an average price of GBX 3,781 ($49.41) per share, with a total value of £18,905 ($24,702.73).

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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