Posted by admin on Jul 22nd, 2022

Renishaw (LON:RSW – Get Rating) had its target price cut by Barclays from GBX 4,200 ($50.21) to GBX 3,975 ($47.52) in a research note issued on Wednesday, MarketBeat.com reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s target price would indicate a potential downside of 6.60% from the company’s current price.

Separately, Berenberg Bank cut their target price on shares of Renishaw from GBX 6,600 ($78.90) to GBX 5,100 ($60.97) and set a “buy” rating for the company in a research report on Friday, May 13th.

Shares of RSW stock opened at GBX 4,256 ($50.88) on Wednesday. The stock has a market cap of £3.10 billion and a P/E ratio of 2,377.65. The company has a quick ratio of 3.56, a current ratio of 5.09 and a debt-to-equity ratio of 2.63. Renishaw has a fifty-two week low of GBX 3,420 ($40.88) and a fifty-two week high of GBX 5,600 ($66.95). The business has a fifty day simple moving average of GBX 3,906.26 and a 200-day simple moving average of GBX 4,154.37.

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers co-ordinate measuring machine (CMM) products, machine tool probe and software, performance measurement systems, gauging systems, fixtures, and styli for touch probe systems; interferometric laser, magnetic, and optical encoders; additive manufacturing systems; plastics and metal vacuum casting machines; and mapping sensors.

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