Renishaw plc (RSW) Rating Reiterated by Citigroup Inc.

Renishaw plc (LON:RSW)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a note issued to investors on Monday. They presently have a GBX 470 ($6.20) price target on the stock. Citigroup Inc.’s price target points to a potential downside of 90.51% from the company’s previous close.

A number of other equities analysts have also recently commented on RSW. Deutsche Bank AG reissued a “sell” rating and set a GBX 3,180 ($41.96) target price on shares of Renishaw plc in a research note on Monday, August 7th. Peel Hunt boosted their target price on Renishaw plc from GBX 3,200 ($42.23) to GBX 4,200 ($55.42) and gave the company a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC boosted their target price on Renishaw plc from GBX 2,620 ($34.57) to GBX 3,880 ($51.20) and gave the company an “underweight” rating in a research note on Thursday, August 17th. Investec reissued a “hold” rating on shares of Renishaw plc in a research note on Friday, August 25th. Finally, Numis Securities Ltd reissued an “add” rating and set a GBX 5,200 ($68.62) target price on shares of Renishaw plc in a research note on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Renishaw plc has a consensus rating of “Hold” and an average target price of GBX 3,343.29 ($44.12).

Renishaw plc (LON:RSW) opened at 5078.50 on Monday. The stock’s 50 day moving average is GBX 4,813.51 and its 200-day moving average is GBX 4,109.67. Renishaw plc has a 12-month low of GBX 2,355.00 and a 12-month high of GBX 5,080.00. The company’s market capitalization is GBX 3.70 billion.

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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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