Renishaw (LON:RSW) Earns Buy Rating from Peel Hunt

Renishaw (LON:RSW)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a note issued to investors on Friday,Digital Look reports. They presently have a GBX 6,300 target price on the stock. Peel Hunt’s price objective points to a potential upside of 21.04% from the stock’s current price.

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 3,450 target price on shares of Renishaw in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 4,397.50.

Renishaw Price Performance

Shares of LON:RSW opened at GBX 5,205 on Friday. The company has a quick ratio of 3.10, a current ratio of 4.57 and a debt-to-equity ratio of 1.60. The company has a market cap of £3.79 billion, a P/E ratio of 51.08, a PEG ratio of 3.73 and a beta of 1.13. Renishaw has a 52 week low of GBX 2,860 and a 52 week high of GBX 5,490. The company has a 50-day moving average price of GBX 5,060.33 and a 200 day moving average price of GBX 4,411.73.

Renishaw Company Profile

We are a world leader in measuring and manufacturing systems.

Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they’re making. This technology also helps our customers to innovate their products and processes.

We are guided by our purpose: Transforming Tomorrow Together. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.