UBS Group reaffirmed their sell rating on shares of Renishaw (LON:RSW) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 3,490 ($45.60) target price on the stock, up from their prior target price of GBX 3,423 ($44.73).
Other analysts have also issued reports about the stock. Peel Hunt reaffirmed an add rating on shares of Amerisur Resources in a research report on Tuesday, May 14th. Deutsche Bank dropped their price target on shares of Broadcom from $330.00 to $315.00 and set a buy rating on the stock in a research report on Friday, June 14th. Numis Securities reaffirmed a buy rating and set a GBX 340 ($4.44) price target on shares of BT Group in a research report on Monday, May 20th. Investec downgraded shares of Renishaw to a sell rating and decreased their price objective for the company from GBX 3,810 ($49.78) to GBX 3,745 ($48.94) in a report on Tuesday, May 28th. Finally, Goldman Sachs Group downgraded shares of Encana to a buy rating in a report on Friday, April 12th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Renishaw presently has an average rating of Sell and an average price target of GBX 3,693.57 ($48.26).
LON RSW opened at GBX 3,874 ($50.62) on Tuesday. The stock’s fifty day moving average price is GBX 3,978.36. Renishaw has a 1 year low of GBX 3,510 ($45.86) and a 1 year high of GBX 5,700 ($74.48). The company has a market capitalization of $2.75 billion and a price-to-earnings ratio of 22.01.
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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