Renishaw plc’s “Hold” Rating Reaffirmed at Numis Securities Ltd (RSW)
Renishaw plc (LON:RSW)‘s stock had its “hold” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 1,700 ($28.63) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential downside of 8.36% from the stock’s previous close.
Renishaw plc (LON:RSW) opened at 1840.00 on Tuesday. Renishaw plc has a 52 week low of GBX 1444.00 and a 52 week high of GBX 2240.00. The stock has a 50-day moving average of GBX 1901. and a 200-day moving average of GBX 1893.43. The company’s market cap is £1.339 billion.
Separately, analysts at Barclays reiterated an “overweight” rating on shares of Renishaw plc in a research note on Monday. They now have a GBX 2,100 ($35.37) price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Renishaw plc presently has an average rating of “Hold” and an average target price of GBX 1,798.67 ($30.30).
Renishaw plc is a metrology company. The Company 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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