RWS (LON:RWS) Price Target Increased to GBX 740 by Analysts at Berenberg Bank

RWS (LON:RWS) had its price objective raised by equities research analysts at Berenberg Bank from GBX 670 ($8.81) to GBX 740 ($9.73) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 17.27% from the stock’s previous close.

Several other research analysts have also weighed in on RWS. Deutsche Bank reaffirmed an “overweight” rating and set a GBX 615 ($8.09) price target on shares of RWS in a research report on Wednesday, October 16th. Barclays upped their price objective on RWS from GBX 610 ($8.02) to GBX 615 ($8.09) and gave the stock an “overweight” rating in a research note on Wednesday, October 16th.

RWS opened at GBX 631 ($8.30) on Tuesday. The business’s 50-day simple moving average is GBX 608.48 and its 200 day simple moving average is GBX 609.48. RWS has a 52-week low of GBX 446 ($5.87) and a 52-week high of GBX 668.40 ($8.79). The company has a debt-to-equity ratio of 25.43, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $1.84 billion and a PE ratio of 47.09.

In other news, insider Richard Thompson sold 1,000,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of GBX 580 ($7.63), for a total transaction of £5,800,000 ($7,629,571.17).

About RWS

RWS Holdings plc engages in the translation, intellectual property (IP) support, life sciences language, and localization businesses. The company operates through four segments: Patent Translation & Filing, Patent Information, Life Sciences, and Language Solutions. The Patent Translation & Filing segment undertakes patent translation and filing services of patent activities, as well as IP translations for litigation and information purposes, including prior-art documents, office actions, opposition proceedings and correspondence, and written opinions of international searching authorities.

Further Reading: S&P/ASX 200 Index

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