Deutsche Bank Aktiengesellschaft Cuts Renishaw (LON:RSW) Price Target to GBX 4,000

Posted by Adam Masters on Sep 16th, 2024

Renishaw (LON:RSW – Free Report) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 4,500 ($58.85) to GBX 4,000 ($52.31) in a research report released on Friday, Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Renishaw Stock Down 0.7 %

LON:RSW traded down GBX 25 ($0.33) during mid-day trading on Friday, hitting GBX 3,375 ($44.13). The company had a trading volume of 46,697 shares, compared to its average volume of 73,659. The business has a fifty day simple moving average of GBX 3,550.06 and a 200-day simple moving average of GBX 3,889.38. The company has a current ratio of 6.17, a quick ratio of 3.10 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of £2.45 billion, a price-to-earnings ratio of 2,518.66, a PEG ratio of 3.73 and a beta of 0.63. Renishaw has a 1 year low of GBX 2,823.42 ($36.92) and a 1 year high of GBX 4,500 ($58.85).

Renishaw Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be paid a GBX 59.40 ($0.78) dividend. This represents a yield of 1.8%. This is an increase from Renishaw’s previous dividend of $16.80. The ex-dividend date of this dividend is Thursday, October 31st. Renishaw’s dividend payout ratio (DPR) is 5,671.64%.

Renishaw Company Profile

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Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.