Renishaw (LON:RSW) Earns Sell Rating from UBS Group
UBS Group restated their sell rating on shares of Renishaw (LON:RSW) in a report issued on Wednesday, November 14th, investing.thisismoney.co.uk reports. They currently have a GBX 3,704 ($48.40) price objective on the stock, down from their previous price objective of GBX 4,535 ($59.26).
RSW has been the topic of several other reports. Peel Hunt restated a reduce rating on shares of Renishaw in a report on Thursday, July 26th. Numis Securities boosted their price objective on shares of Renishaw from GBX 5,200 ($67.95) to GBX 5,900 ($77.09) and gave the company a hold rating in a report on Monday, July 30th. Finally, Barclays restated an underweight rating on shares of Renishaw in a report on Wednesday, September 26th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Renishaw has a consensus rating of Hold and a consensus target price of GBX 4,413.17 ($57.67).
Shares of LON RSW traded up GBX 2 ($0.03) during trading on Wednesday, hitting GBX 4,182 ($54.65). 73,776 shares of the company were exchanged, compared to its average volume of 89,834. Renishaw has a 12-month low of GBX 3,024 ($39.51) and a 12-month high of GBX 5,820 ($76.05).
Renishaw Company Profile
Renishaw plc, a metrology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers metrology products, including additive manufacturing systems, co-ordinate measuring machine products, machine tool probe systems, styli for probe systems, performance testing products, gauging systems, fixtures, and position encoders.
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