Renishaw (LON:RSW) Price Target Raised to GBX 6,200

Key Points

• Deutsche Bank raised Renishaw’s price target from GBX 6,150 to GBX 6,200 while maintaining a “hold” rating, implying 18.77% potential upside.
• Analyst sentiment is broadly positive, with two “buy” and two “hold” ratings producing a consensus rating of “Moderate Buy” and an average target price of GBX 6,196.67.
• Renishaw shares opened at GBX 5,220, down 2.6%, while the company reported quarterly EPS of GBX 179.50 and maintains strong liquidity ratios.

Renishaw (LON:RSW - Get Free Report) had its price objective upped by research analysts at Deutsche Bank Aktiengesellschaft from GBX 6,150 to GBX 6,200 in a research note issued on Friday, Digital Look reports. The firm presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 18.77% from the stock's current price.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group upgraded shares of Renishaw to a "buy" rating and set a GBX 6,090 price objective on the stock in a report on Thursday, September 10th. Peel Hunt restated a "buy" rating and set a GBX 6,300 target price on shares of Renishaw in a report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 6,196.67.

Renishaw Stock Down 2.6%

Shares of Renishaw stock opened at GBX 5,220 on Friday. The business's 50 day simple moving average is GBX 5,331.80 and its 200 day simple moving average is GBX 5,048.50. Renishaw has a 52-week low of GBX 3,280 and a 52-week high of GBX 6,030. The firm has a market cap of £3.80 billion, a PE ratio of 31.93, a P/E/G ratio of 3.73 and a beta of 1.13. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.10 and a current ratio of 4.08.

Renishaw (LON:RSW - Get Free Report) last released its earnings results on Wednesday, September 23rd. The company reported GBX 179.50 EPS for the quarter. Renishaw had a return on equity of 12.53% and a net margin of 14.58%. On average, analysts predict that Renishaw will post 159.90 earnings per share for the current fiscal year.

About Renishaw

We are a world leader in measuring and manufacturing systems. Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they're making. This technology also helps our customers to innovate their products and processes. We are guided by our purpose: Transforming Tomorrow Together. This means working with our customers to make the products and the materials that are going to be needed for the future. We believe that our purpose is incredibly relevant in today's environment where the pace of change in technology is faster than ever.

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