Barclays started coverage on shares of Renishaw (LON:RSW) in a research report report published on Monday, Stock Target Advisor reports. The brokerage issued an underweight rating and a GBX 2,940 ($38.67) price target on the stock.
Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group boosted their price objective on shares of Renishaw from GBX 3,150 ($41.44) to GBX 3,400 ($44.73) and gave the company a neutral rating in a research report on Monday, January 13th. Morgan Stanley reiterated an equal weight rating on shares of Renishaw in a research note on Thursday, December 5th. UBS Group reissued a sell rating and issued a GBX 3,200 ($42.09) target price (down previously from GBX 3,490 ($45.91)) on shares of Renishaw in a report on Wednesday, November 6th. Peel Hunt restated a reduce rating on shares of Renishaw in a research note on Monday, January 13th. Finally, Peel Hunt reaffirmed a reduce rating and set a GBX 3,300 ($43.41) target price on shares of Renishaw in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Renishaw currently has an average rating of Sell and a consensus price target of GBX 3,520.56 ($46.31).
Renishaw stock opened at GBX 3,842 ($50.54) on Monday. The firm’s 50-day moving average is GBX 3,832.48 and its 200-day moving average is GBX 3,740.39. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.71 and a current ratio of 4.27. Renishaw has a 1 year low of GBX 2,830.67 ($37.24) and a 1 year high of GBX 4,724 ($62.14). The company has a market cap of $2.73 billion and a P/E ratio of 30.32.
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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