Renishaw (LON:RSW) Receives “Hold” Rating from Shore Capital

Shore Capital reissued their hold rating on shares of Renishaw (LON:RSW) in a report issued on Thursday, Marketbeat reports.

Several other brokerages also recently weighed in on RSW. Deutsche Bank Aktiengesellschaft upped their target price on Renishaw from GBX 3,340 to GBX 3,940 and gave the stock a “hold” rating in a research note on Friday, October 10th. UBS Group reaffirmed a “buy” rating and set a GBX 3,900 target price on shares of Renishaw in a research note on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Renishaw has a consensus rating of “Hold” and a consensus price target of GBX 3,920.

Renishaw Trading Down 2.6%

Shares of RSW stock opened at GBX 3,530 on Thursday. The company has a debt-to-equity ratio of 2.05, a current ratio of 5.81 and a quick ratio of 3.10. The company has a market cap of £2.57 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 3.73 and a beta of 0.63. The stock has a 50 day simple moving average of GBX 3,479.24 and a 200-day simple moving average of GBX 2,976.08. Renishaw has a 1-year low of GBX 2,100 and a 1-year high of GBX 3,780.

Renishaw (LON:RSW) last announced its earnings results on Thursday, September 18th. The company reported GBX 137.80 earnings per share for the quarter. Renishaw had a return on equity of 10.94% and a net margin of 14.02%. On average, equities research analysts expect that Renishaw will post 159.8984772 EPS for the current fiscal year.

Insider Activity at Renishaw

In related news, insider Allen Roberts sold 4,370 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of GBX 3,656, for a total value of £159,767.20. Also, insider Richard McMurtry sold 8,254 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of GBX 3,550, for a total value of £293,017. In the last ninety days, insiders sold 20,516 shares of company stock valued at $74,055,252. 52.93% of the stock is owned by insiders.

About Renishaw

We are a world leader in measuring and manufacturing systems.

Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they’re making. This technology also helps our customers to innovate their products and processes.

We are guided by our purpose: Transforming Tomorrow Together.