Goldman Sachs Group restated their neutral rating on shares of Renishaw (LON:RSW) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts also recently commented on the stock. Morgan Stanley reiterated an equal weight rating on shares of Renishaw in a report on Thursday, July 11th. Deutsche Bank restated a sell rating on shares of Renishaw in a report on Friday, July 12th. UBS Group restated a sell rating on shares of Renishaw in a report on Thursday, September 12th. Finally, Peel Hunt restated a reduce rating on shares of Renishaw in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of Sell and an average target price of GBX 3,693.57 ($48.26).
Renishaw stock traded down GBX 12 ($0.16) during trading hours on Friday, reaching GBX 3,560 ($46.52). The stock had a trading volume of 59,505 shares, compared to its average volume of 89,834. The company has a market cap of $2.55 billion and a price-to-earnings ratio of 28.10. The company has a debt-to-equity ratio of 1.78, a current ratio of 4.27 and a quick ratio of 2.71. The business’s 50 day moving average price is GBX 3,660.85 and its 200-day moving average price is GBX 3,912.73. Renishaw has a 52 week low of GBX 3,338 ($43.62) and a 52 week high of GBX 4,724 ($61.73).
Renishaw (LON:RSW) last announced its earnings results on Thursday, August 1st. The company reported GBX 119.90 ($1.57) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 129.20 ($1.69) by GBX (9.30) (($0.12)).
The business also recently disclosed a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, September 26th will be issued a dividend of GBX 46 ($0.60) per share. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 1.26%. This is an increase from Renishaw’s previous dividend of $14.00. Renishaw’s dividend payout ratio is 0.47%.
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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