UBS Group Reaffirms "Buy" Rating for Renishaw (LON:RSW)

Key Points

• UBS Group has reiterated a "buy" rating for Renishaw (LON:RSW) and set a price target of GBX 3,900, indicating a potential upside of 20.93% from the current stock price.
• Renishaw's stock opened at GBX 3,225, with a market capitalization of £2.35 billion and a 52-week high of GBX 3,865.
• The company's debt-to-equity ratio stands at 2.05 with a quick ratio of 3.10, suggesting a strong liquidity position.

Renishaw (LON:RSW - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at UBS Group in a research report issued to clients and investors on Friday, Marketbeat reports. They currently have a GBX 3,900 price objective on the stock. UBS Group's price target points to a potential upside of 20.93% from the stock's current price.

Renishaw Stock Performance

Shares of LON:RSW traded up GBX 50 during trading on Friday, hitting GBX 3,225. 1,218,011 shares of the company were exchanged, compared to its average volume of 167,390. The company has a market cap of £2.35 billion, a PE ratio of 2,401.34, a P/E/G ratio of 3.73 and a beta of 0.63. The stock has a 50 day moving average of GBX 2,995.35 and a 200 day moving average of GBX 2,730.88. Renishaw has a 52-week low of GBX 2,100 and a 52-week 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.

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.