Renishaw’s (RSW) Underweight Rating Reaffirmed at Barclays
RSW has been the topic of several other reports. Numis Securities raised their price objective on Renishaw from GBX 5,200 ($67.73) to GBX 5,900 ($76.85) and gave the company a hold rating in a research note on Monday, July 30th. Peel Hunt reaffirmed a reduce rating on shares of Renishaw in a research note on Thursday, July 26th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Renishaw currently has a consensus rating of Hold and a consensus target price of GBX 3,865 ($50.35).
LON:RSW opened at GBX 4,820 ($62.78) on Wednesday. Renishaw has a twelve month low of GBX 3,024 ($39.39) and a twelve month high of GBX 5,820 ($75.81).
The firm also recently disclosed a dividend, which will be paid on Tuesday, October 23rd. Investors of record on Thursday, September 20th will be paid a GBX 46 ($0.60) dividend. The ex-dividend date is Thursday, September 20th. This is a positive change from Renishaw’s previous dividend of $14.00. This represents a yield of 0.83%.
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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