Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Renishaw (LON:RSW) Stock

Renishaw (LON:RSW) had its price objective upped by research analysts at Deutsche Bank Aktiengesellschaft from GBX 6,150 to GBX 6,200 in a research report issued to clients and investors on Friday, Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price target would indicate a potential upside of 18.77% from the company’s current price.

RSW has been the topic of several other reports. Peel Hunt restated a “buy” rating and set a GBX 6,300 price objective on shares of Renishaw in a research note on Friday, July 24th. Jefferies Financial Group upgraded Renishaw to a “buy” rating and set a GBX 6,090 price objective on the stock in a research note on Thursday, September 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,196.67.

Renishaw Price Performance

Shares of RSW opened at GBX 5,220 on Friday. The company has a current ratio of 4.08, a quick ratio of 3.10 and a debt-to-equity ratio of 1.37. The company’s fifty day simple moving average is GBX 5,331.80 and its 200 day simple moving average is GBX 5,048.50. Renishaw has a 1-year low of GBX 3,280 and a 1-year high of GBX 6,030. The company has a market cap of £3.80 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 3.73 and a beta of 1.13.

Renishaw (LON:RSW) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 179.50 EPS for the quarter. Renishaw had a net margin of 14.58% and a return on equity of 12.53%. On average, research analysts forecast that Renishaw will post 159.90 earnings per share for the current fiscal year.

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.