Renishaw (LON:RSW) Price Target Raised to GBX 5,600

Renishaw (LON:RSW) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 4,960 to GBX 5,600 in a report released on Tuesday morning,Digital Look reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also issued reports about the company. Jefferies Financial Group reissued a “hold” rating and set a GBX 3,450 price target on shares of Renishaw in a research note on Wednesday, May 6th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 6,300 price objective on shares of Renishaw in a research note on Friday, July 24th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 4,812.50.

Renishaw Trading Down 1.1%

Shares of Renishaw stock opened at GBX 4,850 on Tuesday. Renishaw has a twelve month low of GBX 2,860 and a twelve month high of GBX 5,490. The company has a quick ratio of 3.10, a current ratio of 4.57 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average price of GBX 5,060.14 and a 200-day moving average price of GBX 4,455.36. The firm has a market cap of £3.53 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 3.73 and a beta of 1.13.

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. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.