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).
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).
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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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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