Renishaw (RSW) Receives GBX 3,725 Consensus Price Target from Analysts

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.

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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).

Renishaw (LON:RSW) last posted its earnings results on Thursday, January 25th. The company reported GBX 72.70 ($1.04) earnings per share (EPS) for the quarter. Renishaw had a net margin of 20.07% and a return on equity of 23.90%. The business had revenue of £279.46 million for the quarter.

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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About Renishaw

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.

Analyst Recommendations for Renishaw (LON:RSW)

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