Renishaw (LON:RSW) Earns Hold Rating from Jefferies Financial Group

Key Points

• Jefferies reiterated a hold rating and set a GBX 3,450 price target, implying roughly a 31.21% downside from the current share price.
• Renishaw opened at GBX 5,015 (a 12‑month high) and carries a high valuation with a P/E of 49.21 and a market cap of £3.65 billion.
• The company shows strong liquidity (current ratio 4.57, quick ratio 3.10) but some leverage (debt-to-equity 1.60) and reported quarterly EPS of GBX 68.80 with ROE 8.06% and a net margin of 10.06%.

Renishaw (LON:RSW - Get Free Report)'s stock had its "hold" rating restated by Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 3,450 price target on the stock. Jefferies Financial Group's price objective suggests a potential downside of 31.21% from the stock's current price.

Renishaw Price Performance

RSW opened at GBX 5,015 on Wednesday. The stock's 50-day moving average price is GBX 4,042.88 and its 200 day moving average price is GBX 3,775.71. Renishaw has a 12-month low of GBX 2,255 and a 12-month high of GBX 5,015. The company has a current ratio of 4.57, a quick ratio of 3.10 and a debt-to-equity ratio of 1.60. The firm has a market cap of £3.65 billion, a price-to-earnings ratio of 49.21, a PEG ratio of 3.73 and a beta of 0.94.

Renishaw (LON:RSW - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported GBX 68.80 earnings per share for the quarter. Renishaw had a return on equity of 8.06% and a net margin of 10.06%. As a group, sell-side analysts expect that Renishaw will post 159.8984772 earnings per share for the current 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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