Renishaw (LON:RSW) has received an average recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 3,725 ($53.34).
Several research firms have recently issued reports on RSW. Peel Hunt reissued a “reduce” rating and set a GBX 4,600 ($65.86) target price (up from GBX 4,200 ($60.14)) on shares of Renishaw in a research note on Thursday, January 25th. Deutsche Bank reissued a “sell” rating and set a GBX 4,255 ($60.92) target price on shares of Renishaw in a research note on Wednesday, April 11th. Goldman Sachs raised shares of Renishaw to a “buy” rating in a research note on Wednesday, April 4th. Numis Securities reissued a “hold” rating and set a GBX 5,200 ($74.46) target price on shares of Renishaw in a research note on Friday, January 26th. Finally, Barclays increased their target price on shares of Renishaw from GBX 3,880 ($55.56) to GBX 4,100 ($58.71) and gave the stock an “underweight” rating in a research note on Monday, December 18th.
LON:RSW opened at GBX 4,772.65 ($68.34) on Friday. Renishaw has a twelve month low of GBX 3,024 ($43.30) and a twelve month high of GBX 5,820 ($83.33).
The business also recently declared a dividend, which was paid on Monday, April 9th. Investors of record on Thursday, March 8th were paid a GBX 14 ($0.20) dividend. This represents a yield of 0.28%. The ex-dividend date was Thursday, March 8th.
In related news, insider Kath Durrant purchased 198 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were purchased at an average cost of GBX 5,035 ($72.09) per share, with a total value of £9,969.30 ($14,274.48).
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Renishaw plc, a metrology company, designs, manufactures, sells, distributes, and services metrology and healthcare products worldwide. The company offers metrology products, including co-ordinate measuring machine products, machine tool probe systems, styli for probe systems, performance testing products, gauging systems, fixtures, position encoders, additive manufacturing systems, and vacuum casting machines.
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