Renishaw (LON:RSW) Rating Reaffirmed
London: In a recent report announced on Friday, 11 December, Numis reaffirmed their Buy rating on Renishaw (LON:RSW) shares. They now have a GBX 2820 target on the firm. Numis’s target may suggest a potential upside of 51.13% from the company’s previous stock close.
From a total of 6 analysts covering Renishaw PLC (LON:RSW) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is GBX 2825 while the lowest target price is GBX 1905. The mean of all analyst targets is GBX 2336.67 with a 24.86% above today’s (GBX 1871.5) stock price. Renishaw PLC was the topic of 13 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 25 with “Neutral” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 2825 target share price in a report from a September 21. Numis Securities maintained RSW stock in a recent report from October 16 with “Buy” rating. Finally, Investec maintained the stock with “Hold” rating in a report issued on an October 8.
Approximately 8,037 shares of stock traded hands. Renishaw plc (LON:RSW) has declined 24.96% since May 14, 2015 and is downtrending. It has underperformed by 21.94% the S&P500.
Renishaw plc is a United Kingdom-based metrology company, which is engaged in research and development of new products relating to metrology, including computer-aided design and manufacturing systems, and relating to healthcare products, including Raman spectroscopy systems, dental systems and certain areas in the medical devices field. The company has a market cap of 1.36 billion GBP. It operates in two divisions: metrology and healthcare products. It has 11.17 P/E ratio. The Company’s metrology segment products range includes machine tool probe systems, co-ordinate measuring machine products, fixtures, styli for probe systems, performance testing products, gauging, vacuum casting, spatial measurement and position encoders.