Peel Hunt Reaffirms Reduce Rating for Renishaw (LON:RSW)

Renishaw (LON:RSW)‘s stock had its “reduce” rating reaffirmed by Peel Hunt in a note issued to investors on Tuesday, LSE.Co.UK reports. They currently have a GBX 3,300 ($43.12) target price on the stock. Peel Hunt’s target price indicates a potential downside of 0.48% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. UBS Group reaffirmed a “sell” rating on shares of Renishaw in a report on Thursday, September 12th. Deutsche Bank reaffirmed a “sell” rating on shares of Renishaw in a report on Friday, July 12th. Peel Hunt reaffirmed a “reduce” rating and set a GBX 3,300 ($43.12) price target on shares of Renishaw in a report on Tuesday. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Renishaw in a report on Friday. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Renishaw in a report on Thursday, July 11th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Renishaw has a consensus rating of “Sell” and an average price target of GBX 3,644.38 ($47.62).

RSW traded down GBX 244 ($3.19) during trading hours on Tuesday, reaching GBX 3,316 ($43.33). 295,739 shares of the stock traded hands, compared to its average volume of 89,834. The firm’s fifty day simple moving average is GBX 3,659.57 and its two-hundred day simple moving average is GBX 3,909.85. The company has a market cap of $2.43 billion and a price-to-earnings ratio of 26.17. Renishaw has a fifty-two week low of GBX 3,030 ($39.59) and a fifty-two week high of GBX 4,724 ($61.73). The company has a debt-to-equity ratio of 1.78, a current ratio of 4.27 and a quick ratio of 2.71.

Renishaw (LON:RSW) last released its quarterly earnings results on Thursday, August 1st. The company reported GBX 119.90 ($1.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 129.20 ($1.69) by GBX (9.30) (($0.12)).

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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