Credit Suisse Reiterates Neutral Rating for Renishaw plc (RSW)
Renishaw plc (LON:RSW)‘s stock had its “neutral” rating restated by investment analysts at Credit Suisse in a note issued to investors on Friday. They currently have a GBX 1,715 ($28.86) price objective on the stock. Credit Suisse’s price target indicates a potential upside of 2.08% from the company’s current price.
Renishaw plc (LON:RSW) traded up 0.60% on Friday, hitting GBX 1679.9999. 86,373 shares of the company’s stock traded hands. Renishaw plc has a 52 week low of GBX 1470.00 and a 52 week high of GBX 2240.00. The stock’s 50-day moving average is GBX 1670. and its 200-day moving average is GBX 1820.. The company’s market cap is £1.223 billion.
The company also recently announced a dividend, which is scheduled for Monday, October 20th. Shareholders of record on Wednesday, September 17th will be paid a dividend of GBX 29.87 ($0.50) per share. This represents a dividend yield of 1.64%. The ex-dividend date is Wednesday, September 17th.
A number of other firms have also recently commented on RSW. Analysts at Numis Securities Ltd upgraded shares of Renishaw plc to an “add” rating in a research note on Wednesday, July 23rd. They now have a GBX 1,750 ($29.45) price target on the stock. Separately, analysts at N+1 Singer reiterated a “hold” rating on shares of Renishaw plc in a research note on Wednesday, July 23rd. They now have a GBX 1,690 ($28.44) price target on the stock. Finally, analysts at Investec upgraded shares of Renishaw plc to a “buy” rating in a research note on Tuesday, July 22nd. They now have a GBX 1,810 ($30.46) price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,834.29 ($30.86).
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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