Renishaw (LON:RSW) was upgraded by Goldman Sachs to a “buy” rating in a report issued on Wednesday.
Several other brokerages have also weighed in on RSW. Barclays upped their target price on Renishaw from GBX 3,880 ($54.46) to GBX 4,100 ($57.55) and gave the stock an “underweight” rating in a research report on Monday, December 18th. Numis Securities reaffirmed a “hold” rating and issued a GBX 5,200 ($72.99) target price on shares of Renishaw in a research report on Friday, January 26th. Finally, Peel Hunt reaffirmed a “reduce” rating and issued a GBX 4,600 ($64.57) target price (up from GBX 4,200 ($58.96)) on shares of Renishaw in a research report on Thursday, January 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Renishaw currently has an average rating of “Hold” and a consensus price target of GBX 3,725 ($52.29).
RSW stock traded down GBX 74 ($1.04) during mid-day trading on Wednesday, hitting GBX 4,524 ($63.50). The stock had a trading volume of 84,720 shares, compared to its average volume of 89,834. Renishaw has a 1-year low of GBX 3,024 ($42.45) and a 1-year high of GBX 5,820 ($81.70).
In related news, insider Kath Durrant acquired 198 shares of the stock in a transaction dated Thursday, January 25th. The shares were acquired at an average price of GBX 5,035 ($70.68) per share, with a total value of £9,969.30 ($13,993.96).
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Renishaw plc, a metrology company, designs, manufactures, sells, distributes, and services metrology and healthcare products worldwide. The company offers metrology products, including co-ordinate measuring machine products, machine tool probe systems, styli for probe systems, performance testing products, gauging systems, fixtures, position encoders, additive manufacturing systems, and vacuum casting machines.
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