Renishaw plc (RSW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Renishaw plc (LON:RSW) have earned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 3,464 ($46.32).

RSW has been the topic of several recent analyst reports. Numis Securities lowered shares of Renishaw to a “hold” rating and set a GBX 5,200 ($69.53) target price on the stock. in a research report on Tuesday, December 5th. Deutsche Bank increased their price target on shares of Renishaw from GBX 3,180 ($42.52) to GBX 3,630 ($48.54) and gave the company a “sell” rating in a research report on Wednesday, September 13th. Peel Hunt lowered shares of Renishaw to a “reduce” rating and set a GBX 4,200 ($56.16) price target on the stock. in a research report on Tuesday, October 31st. Barclays increased their price target on shares of Renishaw from GBX 3,880 ($51.88) to GBX 4,100 ($54.82) and gave the company an “underweight” rating in a research report on Monday, December 18th. Finally, Citigroup reiterated a “neutral” rating and issued a GBX 470 ($6.28) price target on shares of Renishaw in a research report on Monday, October 30th.

Shares of Renishaw (LON:RSW) opened at GBX 5,220 ($69.80) on Thursday. Renishaw has a fifty-two week low of GBX 2,467.15 ($32.99) and a fifty-two week high of GBX 5,635 ($75.34). The company has a market cap of $3,800.00 and a PE ratio of 3,702.13.

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About Renishaw

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.

Analyst Recommendations for Renishaw (LON:RSW)

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