Renishaw (LON:RSW) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

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 raised by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 3,000 to GBX 3,340 in a note issued to investors on Friday, September 5th, MarketBeat reports. The firm presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 3.09% from the company's current price.

Separately, UBS Group reissued a "buy" rating and set a GBX 3,900 price objective on shares of Renishaw in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 3,620.

Renishaw Price Performance

RSW stock traded up GBX 5 during trading on Friday, reaching GBX 3,240. 85,137 shares of the company were exchanged, compared to its average volume of 164,994. The company has a market cap of £2.36 billion, a P/E ratio of 2,412.51, a PEG ratio of 3.73 and a beta of 0.63. Renishaw has a 52-week low of GBX 2,100 and a 52-week high of GBX 3,865. The stock's 50 day moving average price is GBX 3,031.74 and its 200 day moving average price is GBX 2,742.13. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.10 and a current ratio of 5.81.

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.