Peel Hunt Reiterates Buy Rating for Renishaw (LON:RSW)

Renishaw (LON:RSW)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research note issued on Friday,Digital Look reports. They currently have a GBX 6,300 target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 20.46% from the company’s current price.

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,450 price objective on shares of Renishaw in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 4,397.50.

Renishaw Trading Up 5.7%

Shares of LON:RSW traded up GBX 282 during trading on Friday, reaching GBX 5,230. 131,183 shares of the company were exchanged, compared to its average volume of 297,471. The company has a debt-to-equity ratio of 1.60, a current ratio of 4.57 and a quick ratio of 3.10. The business’s fifty day simple moving average is GBX 5,054.69 and its 200-day simple moving average is GBX 4,406.14. Renishaw has a 12-month low of GBX 2,860 and a 12-month high of GBX 5,490. The firm has a market capitalization of £3.80 billion, a PE ratio of 51.32, a P/E/G ratio of 3.73 and a beta of 1.13.

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. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.