Renishaw (LON:RSW) had its price objective increased by Deutsche Bank from GBX 3,630 ($48.86) to GBX 4,255 ($57.27) in a research report sent to investors on Monday. Deutsche Bank currently has a sell rating on the stock.
A number of other equities analysts also recently weighed in on the stock. Numis Securities reissued an add rating and set a GBX 5,200 ($69.99) target price on shares of Renishaw in a research note on Monday, October 23rd. Peel Hunt downgraded shares of Renishaw to a reduce rating and set a GBX 4,200 ($56.53) target price for the company. in a research note on Tuesday, October 31st. Investec reissued a hold rating on shares of Renishaw in a research note on Friday, August 25th. Barclays lifted their target price on shares of Renishaw from GBX 2,620 ($35.26) to GBX 3,880 ($52.22) and gave the stock an underweight rating in a research note on Thursday, August 17th. Finally, Citigroup reissued a neutral rating and set a GBX 470 ($6.33) target price on shares of Renishaw in a research note on Monday, October 30th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 3,432.57 ($46.20).
Shares of Renishaw (RSW) traded down GBX 40 ($0.54) during midday trading on Monday, reaching GBX 5,125 ($68.98). 101,274 shares of the company were exchanged, compared to its average volume of 94,128. Renishaw has a fifty-two week low of GBX 2,355 ($31.70) and a fifty-two week high of GBX 5,635 ($75.84).
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Renishaw Company Profile
Renishaw plc is a metrology company. The Company operates through two segments: metrology and healthcare. The Company’s metrology products are used in the fields of industrial automation and motion systems. The healthcare products include engineering solutions for stereotactic neurosurgery, diagnosis of infectious diseases, analytical tools that identify and characterize the chemistry and structure of materials, supply of implants to hospitals and specialist design centers for craniomaxillofacial surgery, and products and services that allow dental laboratories to manufacture dental restorations.
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