Renishaw plc (LON:RSW) had its target price increased by Deutsche Bank AG from GBX 3,180 ($41.07) to GBX 3,630 ($46.88) in a research report released on Wednesday. The firm currently has a sell rating on the stock.
A number of other research analysts have also issued reports on RSW. Investec reiterated a hold rating on shares of Renishaw plc in a report on Friday, August 25th. Barclays PLC lifted their target price on Renishaw plc from GBX 2,620 ($33.84) to GBX 3,880 ($50.11) and gave the company an underweight rating in a report on Thursday, August 17th. Finally, Peel Hunt lifted their target price on Renishaw plc from GBX 3,200 ($41.33) to GBX 4,200 ($54.24) and gave the company a hold rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Renishaw plc presently has a consensus rating of Hold and an average price target of GBX 3,572.17 ($46.13).
Shares of Renishaw plc (LON RSW) opened at 4783.00 on Wednesday. Renishaw plc has a 52 week low of GBX 2,355.00 and a 52 week high of GBX 5,030.00. The stock’s market capitalization is GBX 3.48 billion. The company’s 50 day moving average price is GBX 4,516.00 and its 200-day moving average price is GBX 3,730.09.
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The firm also recently declared a dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, September 21st will be issued a dividend of GBX 39.50 ($0.51) per share. This represents a yield of 0.95%. This is an increase from Renishaw plc’s previous dividend of $12.50. The ex-dividend date is Thursday, September 21st.
About Renishaw plc
Renishaw plc is a metrology company. The Company operates through two segments: metrology and healthcare. The Company’s metrology products are used in the fields of industrial automation and motion systems. The healthcare products include engineering solutions for stereotactic neurosurgery, diagnosis of infectious diseases, analytical tools that identify and characterize the chemistry and structure of materials, supply of implants to hospitals and specialist design centers for craniomaxillofacial surgery, and products and services that allow dental laboratories to manufacture dental restorations.
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