Renishaw plc (LON:RSW) had its target price upped by Peel Hunt from GBX 3,200 ($41.67) to GBX 4,200 ($54.69) in a research report report published on Tuesday morning. They currently have a hold rating on the stock.
A number of other research analysts have also weighed in on the company. Barclays PLC restated an underweight rating on shares of Renishaw plc in a report on Tuesday, April 25th. Numis Securities Ltd lowered Renishaw plc to a hold rating and set a GBX 3,700 ($48.18) target price on the stock. in a report on Wednesday, May 10th. Finally, Deutsche Bank AG restated a sell rating and issued a GBX 3,180 ($41.41) target price on shares of Renishaw plc in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 3,420.60 ($44.54).
Shares of Renishaw plc (LON RSW) opened at 4336.00 on Tuesday. The company’s market cap is GBX 3.16 billion. The firm has a 50-day moving average price of GBX 3,945.38 and a 200 day moving average price of GBX 3,444.44. Renishaw plc has a 1-year low of GBX 2,355.00 and a 1-year high of GBX 4,499.00.
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The business also recently announced a dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Thursday, September 21st will be issued a GBX 39.50 ($0.51) dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, September 21st. This is a positive change from Renishaw plc’s previous dividend of $12.50.
Renishaw plc Company Profile
Renishaw plc is a metrology company. The Company operates through two segments: metrology and healthcare. The Company’s metrology products are used in the fields of industrial automation and motion systems. The healthcare products include engineering solutions for stereotactic neurosurgery, diagnosis of infectious diseases, analytical tools that identify and characterize the chemistry and structure of materials, supply of implants to hospitals and specialist design centers for craniomaxillofacial surgery, and products and services that allow dental laboratories to manufacture dental restorations.
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