Renishaw PLC (LON:RSW) Has Just Had Its Target Downgraded by Researchers at UBS to GBX 3704.00

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Analysis: Renishaw PLC (LON:RSW) Target Increased Today

In a research report revealed to investors by UBS on 14 November, the firm, Renishaw PLC (LON:RSW), had their target decreased to GBX 3704.00. Analusts at present have a solid “Sell” rating on the stock.

Renishaw plc (LON:RSW) Ratings Coverage

Among 5 analysts covering Renishaw PLC (LON:RSW), 0 have Buy rating, 4 Sell and 1 Hold. Therefore 0 are positive. Renishaw PLC has GBX 5900 highest and GBX 3704 lowest target. GBX 4523.80’s average target is 18.30% above currents GBX 3824 stock price. Renishaw PLC had 7 analyst reports since May 15, 2018 according to SRatingsIntel. The stock has “Underweight” rating by Barclays Capital on Wednesday, September 26. Numis Securities maintained it with “Hold” rating and GBX 5900 target in Monday, July 30 report. Peel Hunt maintained the stock with “Reduce” rating in Thursday, July 26 report. The company was maintained on Thursday, October 18 by Peel Hunt. Barclays Capital maintained Renishaw plc (LON:RSW) on Wednesday, May 23 with “Underweight” rating. The firm earned “Sell” rating on Tuesday, May 15 by Deutsche Bank. The firm has “Sell” rating given on Wednesday, November 14 by UBS.

The stock decreased 2.50% or GBX 98 during the last trading session, reaching GBX 3824. About 108,039 shares traded. Renishaw plc (LON:RSW) has 0.00% since November 14, 2017 and is . It has underperformed by 15.62% the S&P500.

Renishaw plc, a metrology company, designs, makes, sells, distributes, and services metrology and healthcare products worldwide. The company has market cap of 2.78 billion GBP. The firm offers metrology products, including co-ordinate measuring machine products, machine tool probe systems, styli for probe systems, performance testing products, gauging systems, fixtures, position encoders, additive manufacturing systems, and vacuum casting machines. It has a 20.94 P/E ratio. It also provides healthcare products, such as craniomaxillofacial custom-made implants, neurosurgical robots, dental scanners, neurosurgical implants and accessories, Raman microscopes, and hybrid Raman systems; and dental computer-aided design and neurosurgical planning software, as well as dental structures manufacturing services.

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