Peel Hunt Reiterates “Hold” Rating for Renishaw (RSW)

Renishaw (LON:RSW)‘s stock had its “hold” rating reaffirmed by equities researchers at Peel Hunt in a report released on Monday.

Other research analysts have also recently issued reports about the stock. Goldman Sachs raised shares of Renishaw to a “buy” rating in a report on Wednesday, April 4th. Numis Securities reissued a “hold” rating and set a GBX 5,200 ($72.99) price objective on shares of Renishaw in a report on Friday, January 26th. Finally, Barclays boosted their price objective on shares of Renishaw from GBX 3,880 ($54.46) to GBX 4,100 ($57.55) and gave the company an “underweight” rating in a report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 3,725 ($52.29).

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RSW opened at GBX 4,532 ($63.62) on Monday. Renishaw has a twelve month low of GBX 3,024 ($42.45) and a twelve month high of GBX 5,820 ($81.70).

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

In other Renishaw news, insider Kath Durrant bought 198 shares of Renishaw stock in a transaction on Thursday, January 25th. The stock was acquired at an average cost 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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