Renishaw’s (RSW) “Sell” Rating Reaffirmed at UBS Group

UBS Group reiterated their sell rating on shares of Renishaw (LON:RSW) in a report published on Thursday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also commented on RSW. Peel Hunt reiterated a reduce rating on shares of Renishaw in a research note on Monday, July 29th. Numis Securities reiterated a hold rating and set a GBX 3,600 ($47.04) price objective (down previously from GBX 5,900 ($77.09)) on shares of Renishaw in a research note on Monday, May 20th. Goldman Sachs Group reiterated a neutral rating on shares of Renishaw in a research note on Wednesday, July 10th. Deutsche Bank reiterated a sell rating on shares of Renishaw in a research note on Friday, July 12th. Finally, Investec lowered shares of Renishaw to a sell rating and lowered their price objective for the company from GBX 3,810 ($49.78) to GBX 3,745 ($48.94) in a research note on Tuesday, May 28th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has an average rating of Sell and an average price target of GBX 3,693.57 ($48.26).

Shares of LON:RSW traded up GBX 14 ($0.18) during trading hours on Thursday, hitting GBX 4,014 ($52.45). The stock had a trading volume of 82,953 shares, compared to its average volume of 89,834. The stock’s fifty day simple moving average is GBX 3,630.22 and its 200 day simple moving average is GBX 3,981.27. Renishaw has a 1-year low of GBX 3,338 ($43.62) and a 1-year high of GBX 5,115 ($66.84). The firm has a market capitalization of $2.91 billion and a price-to-earnings ratio of 31.68. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.71 and a current ratio of 4.27.

Renishaw (LON:RSW) last announced its quarterly earnings results on Thursday, August 1st. The company reported GBX 119.90 ($1.57) EPS for the quarter, missing the consensus estimate of GBX 129.20 ($1.69) by GBX (9.30) (($0.12)).

The firm also recently announced a dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, September 26th will be issued a dividend of GBX 46 ($0.60) per share. This represents a yield of 1.26%. This is a boost from Renishaw’s previous dividend of $14.00. The ex-dividend date of this dividend is Thursday, September 26th. Renishaw’s dividend payout ratio (DPR) is presently 0.47%.

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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Analyst Recommendations for Renishaw (LON:RSW)

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