Renishaw (LON:RSW) Price Target Raised to GBX 3,340

Key Points

• Deutsche Bank Aktiengesellschaft raised Renishaw's price target from GBX 3,000 to GBX 3,340, maintaining a "hold" rating, which suggests a potential upside of 1.98% from the stock's previous close.
• UBS Group has reiterated a "buy" rating for Renishaw, with an even higher target price of GBX 3,900, indicating confidence in the company's performance.
• The stock currently holds an average rating of "Moderate Buy" with a consensus price target of GBX 3,620, reflecting mixed analyst sentiments.

Renishaw (LON:RSW - Get Free Report) had its price target lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 3,000 to GBX 3,340 in a report issued on Friday,London Stock Exchange reports. The firm presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 1.98% from the company's previous close.

Separately, UBS Group restated a "buy" rating and issued a GBX 3,900 target price on shares of Renishaw in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 3,620.

Renishaw Stock Performance

Shares of Renishaw stock opened at GBX 3,275 on Friday. The firm has a market cap of £2.38 billion, a price-to-earnings ratio of 2,438.57, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. The stock's 50-day moving average is GBX 2,995.35 and its 200-day moving average is GBX 2,730.88. Renishaw has a one year low of GBX 2,100 and a one year high of GBX 3,865. The company has a debt-to-equity ratio of 2.05, a current ratio of 5.81 and a quick ratio of 3.10.

Renishaw Company Profile

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.

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