Renishaw (LON:RSW) Upgraded by Jefferies Financial Group to Buy Rating

Renishaw (LON:RSW) was upgraded by research analysts at Jefferies Financial Group to a “buy” rating in a note issued to investors on Thursday, London Stock Exchange reports. The brokerage currently has a GBX 6,090 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 19.18% from the stock’s current price.

A number of other research analysts have also weighed in on RSW. Deutsche Bank Aktiengesellschaft raised their target price on shares of Renishaw from GBX 4,960 to GBX 5,600 and gave the company a “hold” rating in a report on Tuesday, July 28th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 6,300 price target on shares of Renishaw in a report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 5,996.67.

Renishaw Trading Up 2.6%

Shares of Renishaw stock opened at GBX 5,110 on Thursday. Renishaw has a twelve month low of GBX 3,110 and a twelve month high of GBX 5,490. The company has a quick ratio of 3.10, a current ratio of 4.57 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average price of GBX 5,018.03 and a 200-day moving average price of GBX 4,713.72. The firm has a market cap of £3.72 billion, a price-to-earnings ratio of 50.15, a PEG 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.