Renishaw’s (RSW) “Hold” Rating Reaffirmed at Jefferies Financial Group

Renishaw (LON:RSW)‘s stock had its “hold” rating reiterated by Jefferies Financial Group in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 3,450 price objective on the stock. Jefferies Financial Group’s target price suggests a potential downside of 21.73% from the company’s current price.

Renishaw Stock Performance

RSW opened at GBX 4,408 on Monday. The firm has a market cap of £3.21 billion, a P/E ratio of 43.26, a price-to-earnings-growth ratio of 3.73 and a beta of 0.94. Renishaw has a 52-week low of GBX 2,100 and a 52-week high of GBX 4,568. The company has a debt-to-equity ratio of 1.60, a quick ratio of 3.10 and a current ratio of 4.57. The business’s fifty day moving average is GBX 3,949.30 and its 200-day moving average is GBX 3,711.48.

Renishaw (LON:RSW) last released its earnings results on Thursday, February 12th. The company reported GBX 68.80 earnings per share (EPS) for the quarter. Renishaw had a return on equity of 8.06% and a net margin of 10.06%. Sell-side analysts expect that Renishaw will post 159.8984772 EPS 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.