Renishaw (LON:RSW) Given New GBX 3,700 Price Target at Deutsche Bank

Renishaw (LON:RSW) had its price objective decreased by equities researchers at Deutsche Bank from GBX 3,955 ($51.68) to GBX 3,700 ($48.35) in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “sell” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 3.11% from the company’s current price.

RSW has been the topic of a number of other reports. Goldman Sachs Group lowered their price target on shares of Renishaw from GBX 4,570 ($59.72) to GBX 4,100 ($53.57) and set a “neutral” rating on the stock in a research report on Friday, April 12th. UBS Group reaffirmed a “sell” rating and set a GBX 3,423 ($44.73) price target (down from GBX 3,704 ($48.40)) on shares of Renishaw in a research report on Friday, March 22nd. Numis Securities reaffirmed a “hold” rating and set a GBX 3,600 ($47.04) price target (down from GBX 5,900 ($77.09)) on shares of Renishaw in a research report on Monday, May 20th. Investec lowered shares of Renishaw to a “sell” rating and lowered their price target for the stock from GBX 3,810 ($49.78) to GBX 3,745 ($48.94) in a research report on Tuesday, May 28th. Finally, Peel Hunt lowered their price target on shares of Renishaw from GBX 4,050 ($52.92) to GBX 3,300 ($43.12) and set a “reduce” rating on the stock in a research report on Tuesday, May 14th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus target price of GBX 3,684 ($48.14).

Shares of RSW opened at GBX 3,818.96 ($49.90) on Friday. The stock has a market capitalization of $2.81 billion and a PE ratio of 21.70. Renishaw has a fifty-two week low of GBX 3,510 ($45.86) and a fifty-two week high of GBX 5,740 ($75.00).

In other Renishaw news, insider William Lee purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average cost of GBX 3,793 ($49.56) per share, with a total value of £37,930 ($49,562.26). Also, insider Geoff McFarland purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were acquired at an average cost of GBX 3,792 ($49.55) per share, for a total transaction of £113,760 ($148,647.59).

Renishaw Company Profile

Renishaw plc, a metrology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers metrology products, including additive manufacturing systems, co-ordinate measuring machine products, machine tool probe systems, styli for probe systems, performance testing products, gauging systems, fixtures, and position encoders.

See Also: Buy Rating

Analyst Recommendations for Renishaw (LON:RSW)

Receive News & Ratings for Renishaw Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renishaw and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply