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

Key Points

• Deutsche Bank Aktiengesellschaft raised its price target for Renishaw from GBX 3,340 to GBX 3,940, indicating a potential upside of 8.09% from the stock's previous close.
• UBS Group maintains a "buy" rating on Renishaw with a target price of GBX 3,900, contributing to a consensus average target of GBX 3,920.
• Renishaw's stock has had a 12-month high of GBX 3,780 and a low of GBX 2,100, reflecting significant volatility in its trading performance.

Renishaw (LON:RSW - Get Free Report) had its price objective boosted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 3,340 to GBX 3,940 in a note issued to investors on Friday,Digital Look reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 8.09% from the company's previous close.

Separately, UBS Group restated a "buy" rating and set a GBX 3,900 target price on shares of Renishaw in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 3,920.

Renishaw Trading Down 1.0%

LON:RSW opened at GBX 3,645 on Friday. The business's 50-day moving average is GBX 3,292.56 and its two-hundred day moving average is GBX 2,852.08. 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 has a 12 month low of GBX 2,100 and a 12 month high of GBX 3,780. The firm has a market capitalization of £2.65 billion, a PE ratio of 3,164.06, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63.

Renishaw (LON:RSW - Get Free Report) last released its quarterly earnings data on Thursday, September 18th. The company reported GBX 137.80 EPS for the quarter. Renishaw had a return on equity of 10.94% and a net margin of 14.02%. Research analysts predict that Renishaw will post 159.8984772 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard McMurtry sold 8,254 shares of Renishaw stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of GBX 3,550, for a total value of £293,017. Company insiders own 52.93% of the company's stock.

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.

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