Investec Upgrades Renishaw to Hold (RSW)
Renishaw (LON:RSW) was upgraded by investment analysts at Investec to a “hold” rating in a note issued to investors on Tuesday, AnalystRatings.Net reports. The firm currently has a GBX 1,940 ($31.88) price objective on the stock, up from their previous price objective of GBX 1,795 ($29.50). Investec’s price target would indicate a potential upside of 3.30% from the company’s current price.
A number of other firms have also recently commented on RSW. Analysts at UBS AG raised their price target on shares of Renishaw from GBX 1,600 ($26.29) to GBX 1,900 ($31.22) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Numis Securities Ltd upgraded shares of Renishaw to a “hold” rating in a research note to investors on Thursday, January 30th. They now have a GBX 1,700 ($27.94) price target on the stock. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of Renishaw in a research note to investors on Thursday, January 30th. They now have a GBX 1,675 ($27.53) price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,796.79 ($29.53).
Shares of Renishaw (LON:RSW) traded down 1.05% during mid-day trading on Tuesday, hitting GBX 1878.0001. The stock had a trading volume of 20,167 shares. Renishaw has a 1-year low of GBX 1444.00 and a 1-year high of GBX 2124.00. The stock’s 50-day moving average is GBX 1919.68 and its 200-day moving average is GBX 1777.93. The company’s market cap is £1.365 billion.
The company also recently announced a dividend, which is scheduled for Monday, April 7th. Investors of record on Wednesday, March 5th will be paid a dividend of GBX 11.33 ($0.19) per share. This represents a dividend yield of 0.61%. The ex-dividend date is Wednesday, March 5th.
Renishaw plc is engaged in the design, manufacture and sale of advanced precision metrology and inspection equipment together with products for the healthcare sector, including Raman spectroscopy systems, dental systems, molecular diagnostic equipment and neurosurgical products.
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