Renishaw (LON:RSW)‘s stock had its “equal weight” rating reiterated by analysts at Morgan Stanley in a research note issued to investors on Thursday, Stock Target Advisor reports.
Several other analysts have also issued reports on RSW. UBS Group reiterated a “sell” rating and issued a GBX 3,200 ($41.81) target price (down previously from GBX 3,490 ($45.60)) on shares of Renishaw in a research note on Wednesday, November 6th. Goldman Sachs Group dropped their price target on shares of Renishaw from GBX 3,650 ($47.69) to GBX 3,150 ($41.16) and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Peel Hunt restated a “reduce” rating and set a GBX 3,300 ($43.12) price target on shares of Renishaw in a report on Tuesday, October 15th. Finally, Peel Hunt reaffirmed a “reduce” rating and issued a GBX 3,300 ($43.12) price objective on shares of Renishaw in a research report on Tuesday, October 15th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and a consensus price target of GBX 3,427.86 ($44.79).
Shares of LON:RSW opened at GBX 3,900 ($50.96) on Thursday. The company has a current ratio of 4.27, a quick ratio of 2.71 and a debt-to-equity ratio of 1.78. The stock has a market cap of $2.84 billion and a PE ratio of 30.78. The stock’s fifty day simple moving average is GBX 3,791.72 and its two-hundred day simple moving average is GBX 3,778.12. Renishaw has a 1-year low of GBX 2,830.67 ($36.99) and a 1-year high of GBX 4,724 ($61.73).
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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