Renishaw (LON:RSW) Earns “Equal weight” Rating from Morgan Stanley

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Morgan Stanley restated their equal weight rating on shares of Renishaw (LON:RSW) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently weighed in on the company. Investec cut Renishaw to a sell rating and reduced their price target for the stock from GBX 3,810 ($49.78) to GBX 3,745 ($48.94) in a report on Tuesday, May 28th. UBS Group began coverage on Chewy in a report on Tuesday, July 9th. They set a buy rating and a $42.00 price target on the stock. Deutsche Bank reduced their price target on Broadcom from $330.00 to $315.00 and set a buy rating on the stock in a report on Friday, June 14th. Goldman Sachs Group cut EXPERIAN PLC/ADR from a buy rating to a neutral rating in a report on Wednesday. Finally, Peel Hunt restated an add rating on shares of Amerisur Resources in a report on Tuesday, May 14th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Renishaw presently has a consensus rating of Sell and a consensus target price of GBX 3,693.57 ($48.26).

LON:RSW opened at GBX 3,822 ($49.94) on Thursday. The company has a market capitalization of $2.78 billion and a PE ratio of 21.72. The business’s 50-day moving average price is GBX 3,977.20. Renishaw has a 1-year low of GBX 3,510 ($45.86) and a 1-year high of GBX 5,700 ($74.48).

Renishaw Company Profile

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.

See Also: How is a price target determined?

Analyst Recommendations for Renishaw (LON:RSW)

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