Renishaw (RSW) Rating Increased to Buy at Goldman Sachs

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).

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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).

Renishaw (LON:RSW) last issued its earnings results on Thursday, January 25th. The company reported GBX 72.70 ($1.02) earnings per share for the quarter. Renishaw had a return on equity of 23.90% and a net margin of 20.07%. The company had revenue of £279.46 million for the quarter.

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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About Renishaw

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.

Analyst Recommendations for Renishaw (LON:RSW)

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