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

Several other equities analysts have also recently weighed in on RSW. Morgan Stanley reiterated an equal weight rating on shares of Renishaw in a research note on Thursday, July 11th. Numis Securities reiterated a hold rating and issued 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. Peel Hunt reiterated a reduce rating on shares of Renishaw in a research note on Monday, July 29th. Finally, Investec cut shares of Renishaw to a sell rating and lowered their price objective for the stock from GBX 3,810 ($49.78) to GBX 3,745 ($48.94) in a research note on Tuesday, May 28th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Renishaw presently has a consensus rating of Sell and a consensus target price of GBX 3,693.57 ($48.26).

Shares of LON:RSW opened at GBX 3,995.14 ($52.20) on Thursday. The firm’s 50 day moving average price is GBX 3,634.70 and its 200-day moving average price is GBX 3,979.92. Renishaw has a twelve month low of GBX 3,338 ($43.62) and a twelve month high of GBX 5,115 ($66.84). The company has a quick ratio of 2.71, a current ratio of 4.27 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $2.91 billion and a PE ratio of 31.53.

Renishaw (LON:RSW) last issued its quarterly earnings data on Thursday, August 1st. The company reported GBX 119.90 ($1.57) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 129.20 ($1.69) by GBX (9.30) (($0.12)).

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