Numis Securities Ltd Reiterates Add Rating for Renishaw plc (RSW)
Renishaw plc (LON:RSW)‘s stock had its “add” rating reissued by investment analysts at Numis Securities Ltd in a research report issued on Monday. They currently have a GBX 5,200 ($69.09) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 8.42% from the company’s current price.
Several other equities analysts also recently weighed in on the company. Deutsche Bank AG lifted their target price on Renishaw plc from GBX 3,180 ($42.25) to GBX 3,630 ($48.23) and gave the company a “sell” rating in a research report on Wednesday, September 13th. Investec reiterated a “hold” rating on shares of Renishaw plc in a research report on Friday, August 25th. Barclays PLC lifted their target price on Renishaw plc from GBX 2,620 ($34.81) to GBX 3,880 ($51.55) and gave the company an “underweight” rating in a research report on Thursday, August 17th. Finally, Peel Hunt lifted their target price on Renishaw plc from GBX 3,200 ($42.52) to GBX 4,200 ($55.81) and gave the company a “hold” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 3,822.17 ($50.79).
Shares of Renishaw plc (RSW) opened at 4753.00 on Monday. The company’s 50-day moving average price is GBX 4,766.54 and its 200-day moving average price is GBX 4,010.81. Renishaw plc has a one year low of GBX 2,355.00 and a one year high of GBX 5,030.00. The stock’s market cap is GBX 3.46 billion.
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About Renishaw plc
Renishaw plc is a metrology company. The Company operates through two segments: metrology and healthcare. The Company’s metrology products are used in the fields of industrial automation and motion systems. The healthcare products include engineering solutions for stereotactic neurosurgery, diagnosis of infectious diseases, analytical tools that identify and characterize the chemistry and structure of materials, supply of implants to hospitals and specialist design centers for craniomaxillofacial surgery, and products and services that allow dental laboratories to manufacture dental restorations.
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