Renishaw plc (LON:RSW) had its target price raised by Deutsche Bank AG from GBX 3,180 ($41.07) to GBX 3,630 ($46.88) in a report released on Wednesday. The firm currently has a “sell” rating on the stock. Deutsche Bank AG’s target price suggests a potential downside of 27.25% from the stock’s previous close.
RSW has been the subject of several other reports. Investec reaffirmed a “hold” rating on shares of Renishaw plc in a research report on Friday, August 25th. Barclays PLC raised their target price on Renishaw plc from GBX 2,620 ($33.84) to GBX 3,880 ($50.11) and gave the stock an “underweight” rating in a research report on Thursday, August 17th. Finally, Peel Hunt raised their target price on Renishaw plc from GBX 3,200 ($41.33) to GBX 4,200 ($54.24) and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 3,572.17 ($46.13).
Shares of Renishaw plc (RSW) opened at 4990.00 on Wednesday. The company’s market cap is GBX 3.63 billion. Renishaw plc has a 12-month low of GBX 2,355.00 and a 12-month high of GBX 4,990.00. The company has a 50-day moving average price of GBX 4,440.03 and a 200-day moving average price of GBX 3,700.86.
About Renishaw plc
Renishaw plc is a metrology company. The Company operates through two segments: metrology and healthcare. The Company’s metrology products are used in the fields of industrial automation and motion systems. The healthcare products include engineering solutions for stereotactic neurosurgery, diagnosis of infectious diseases, analytical tools that identify and characterize the chemistry and structure of materials, supply of implants to hospitals and specialist design centers for craniomaxillofacial surgery, and products and services that allow dental laboratories to manufacture dental restorations.
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