Renishaw plc (LON:RSW) had its target price raised by equities researchers at Barclays PLC from GBX 2,620 ($34.01) to GBX 3,880 ($50.37) in a research report issued on Thursday. The firm presently has an “underweight” rating on the stock. Barclays PLC’s price objective would suggest a potential downside of 13.02% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Numis Securities Ltd downgraded shares of Renishaw plc to a “hold” rating and set a GBX 3,700 ($48.03) price target on the stock. in a research note on Wednesday, May 10th. Peel Hunt increased their price target on shares of Renishaw plc from GBX 3,200 ($41.54) to GBX 4,200 ($54.52) and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Finally, Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 3,180 ($41.28) price target on shares of Renishaw plc in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 3,497.17 ($45.40).
Shares of Renishaw plc (RSW) opened at 4461.00 on Thursday. Renishaw plc has a 12 month low of GBX 2,355.00 and a 12 month high of GBX 4,561.00. The firm has a 50-day moving average price of GBX 4,037.30 and a 200-day moving average price of GBX 3,495.09. The stock’s market cap is GBX 3.25 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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