Analysts’ Weekly Ratings Changes for Renishaw (RSW)

Renishaw (LON: RSW) recently received a number of ratings updates from brokerages and research firms:

  • 7/11/2019 – Renishaw had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 7/10/2019 – Renishaw had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 7/9/2019 – Renishaw had its “sell” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 3,490 ($45.60) price target on the stock, up previously from GBX 3,423 ($44.73).
  • 6/21/2019 – Renishaw had its “sell” rating reaffirmed by analysts at UBS Group AG.
  • 6/14/2019 – Renishaw had its price target lowered by analysts at Deutsche Bank AG from GBX 3,955 ($51.68) to GBX 3,700 ($48.35). They now have a “sell” rating on the stock.
  • 5/28/2019 – Renishaw was downgraded by analysts at Investec to a “sell” rating. They now have a GBX 3,745 ($48.94) price target on the stock, down previously from GBX 3,810 ($49.78).
  • 5/20/2019 – Renishaw had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 3,600 ($47.04) price target on the stock, down previously from GBX 5,900 ($77.09).
  • 5/14/2019 – Renishaw had its price target lowered by analysts at Peel Hunt from GBX 4,050 ($52.92) to GBX 3,300 ($43.12). They now have a “reduce” rating on the stock.

Shares of RSW traded up GBX 68 ($0.89) during midday trading on Thursday, reaching GBX 3,782 ($49.42). The stock had a trading volume of 114,175 shares, compared to its average volume of 89,834. Renishaw plc has a 52 week low of GBX 3,510 ($45.86) and a 52 week high of GBX 5,700 ($74.48). The firm has a 50 day moving average of GBX 3,978.36. The firm has a market cap of $2.75 billion and a P/E ratio of 21.49.

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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