Renishaw (LON:RSW) had its price objective decreased by stock analysts at Morgan Stanley from GBX 4,220 ($55.14) to GBX 3,920 ($51.22) in a research note issued to investors on Wednesday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 6.58% from the stock’s previous close.

RSW has been the subject of a number of other reports. UBS Group reissued a “sell” rating and issued a GBX 3,704 ($48.40) target price (down from GBX 4,535 ($59.26)) on shares of Renishaw in a research report on Wednesday, November 14th. Barclays reissued an “underweight” rating on shares of Renishaw in a research report on Wednesday, September 26th. Finally, Peel Hunt reissued a “reduce” rating on shares of Renishaw in a research report on Thursday, October 18th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 4,413.17 ($57.67).

LON:RSW opened at GBX 4,196 ($54.83) on Wednesday. Renishaw has a 1 year low of GBX 3,024 ($39.51) and a 1 year high of GBX 5,820 ($76.05).

In other news, insider William Lee bought 800 shares of the firm’s stock in a transaction on Tuesday, October 23rd. The stock was acquired at an average cost of GBX 3,727 ($48.70) per share, with a total value of £29,816 ($38,959.89). Also, insider Carol Chesney bought 500 shares of the firm’s stock in a transaction on Friday, October 19th. The stock was purchased at an average cost of GBX 3,781 ($49.41) per share, with a total value of £18,905 ($24,702.73).

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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