Renishaw (LON:RSW) Price Target Raised to GBX 6,200

Renishaw (LON:RSW – Free Report) had its target price increased by Deutsche Bank Aktiengesellschaft from GBX 6,150 to GBX 6,200 in a research note issued to investors on Friday morning,Digital Look reports. They currently have a hold rating on the stock.

Several other research firms also recently issued reports on RSW. Peel Hunt restated a “buy” rating and set a GBX 6,300 price objective on shares of Renishaw in a report on Friday, July 24th. Jefferies Financial Group raised Renishaw to a “buy” rating and set a GBX 6,090 target price on the stock in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,196.67.

Read Our Latest Stock Report on Renishaw

Renishaw Stock Down 4.5%

Renishaw stock opened at GBX 5,120 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 4.08 and a quick ratio of 3.10. The stock’s fifty day moving average is GBX 5,330.70 and its two-hundred day moving average is GBX 5,059.53. The stock has a market cap of £3.73 billion, a PE ratio of 31.31, a P/E/G ratio of 3.73 and a beta of 1.13. Renishaw has a 1-year low of GBX 3,280 and a 1-year high of GBX 6,030.

Renishaw (LON:RSW – Get Free Report) last announced its earnings results on Wednesday, September 23rd. The company reported GBX 179.50 earnings per share (EPS) for the quarter. Renishaw had a return on equity of 12.53% and a net margin of 14.58%. On average, sell-side analysts expect that Renishaw will post 159.90 EPS for the current fiscal year.

About Renishaw

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We are a world leader in measuring and manufacturing systems.

Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they’re making. This technology also helps our customers to innovate their products and processes.

We are guided by our purpose: Transforming Tomorrow Together. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.

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