Renishaw (LON:RSW) Given Reduce Rating at Peel Hunt

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Peel Hunt restated their reduce rating on shares of Renishaw (LON:RSW) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.

Other equities research analysts also recently issued reports about the company. UBS Group reiterated a sell rating and issued a GBX 3,200 ($42.09) price target (down from GBX 3,490 ($45.91)) on shares of Renishaw in a report on Wednesday, November 6th. Goldman Sachs Group boosted their price target on Renishaw from GBX 3,400 ($44.73) to GBX 3,500 ($46.04) and gave the company a neutral rating in a report on Tuesday, February 4th. Morgan Stanley upgraded Renishaw to an overweight rating and boosted their price target for the company from GBX 2,850 ($37.49) to GBX 4,500 ($59.19) in a report on Thursday, January 23rd. Finally, Barclays began coverage on Renishaw in a report on Monday, January 20th. They issued an underweight rating and a GBX 2,940 ($38.67) price target for the company. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Renishaw presently has a consensus rating of Sell and a consensus target price of GBX 3,531.67 ($46.46).

RSW stock traded up GBX 14 ($0.18) during midday trading on Thursday, hitting GBX 4,142 ($54.49). 51,882 shares of the company’s stock were exchanged, compared to its average volume of 89,834. The company has a current ratio of 5.05, a quick ratio of 2.94 and a debt-to-equity ratio of 4.01. Renishaw has a 12-month low of GBX 2,830.67 ($37.24) and a 12-month high of GBX 4,694 ($61.75). The firm has a 50 day moving average price of GBX 3,893.56 and a 200-day moving average price of GBX 3,767.47. The stock has a market capitalization of $3.01 billion and a price-to-earnings ratio of 63.33.

Renishaw (LON:RSW) last posted its quarterly earnings data on Thursday, January 30th. The company reported GBX 15.10 ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 33.90 ($0.45) by GBX (18.80) (($0.25)).

The business also recently disclosed a dividend, which will be paid on Monday, April 6th. Investors of record on Thursday, March 5th will be given a dividend of GBX 14 ($0.18) per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a yield of 0.34%. Renishaw’s dividend payout ratio is currently 0.92%.

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.

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Analyst Recommendations for Renishaw (LON:RSW)

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