Goldman Sachs Group reiterated their neutral rating on shares of Renishaw (LON:RSW) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.
Several other research firms also recently weighed in on RSW. Investec downgraded shares of Renishaw to a sell rating and dropped their target price for the company from GBX 3,810 ($49.78) to GBX 3,745 ($48.94) in a report on Tuesday, May 28th. Deutsche Bank dropped their target price on shares of Broadcom from $330.00 to $315.00 and set a buy rating for the company in a report on Friday, June 14th. Numis Securities restated a buy rating and set a GBX 340 ($4.44) target price on shares of BT Group in a report on Monday, May 20th. UBS Group started coverage on shares of Chewy in a report on Tuesday, July 9th. They set a buy rating and a $42.00 price target for the company. Finally, Peel Hunt reiterated an add rating on shares of Amerisur Resources in a 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. The stock currently has a consensus rating of Sell and a consensus price target of GBX 3,693.57 ($48.26).
LON:RSW opened at GBX 3,822 ($49.94) on Wednesday. The company’s 50-day simple moving average is GBX 3,977.20. Renishaw has a twelve month low of GBX 3,510 ($45.86) and a twelve month high of GBX 5,700 ($74.48). The stock has a market cap of $2.78 billion and a P/E ratio of 21.72.
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.
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