Peel Hunt downgraded shares of Renishaw plc (LON:RSW) to a reduce rating in a report released on Tuesday morning. Peel Hunt currently has GBX 4,200 ($55.42) price target on the stock.

Several other equities analysts have also issued reports on the company. Deutsche Bank AG increased their target price on Renishaw plc from GBX 3,180 ($41.96) to GBX 3,630 ($47.90) and gave the stock a sell rating in a research note on Wednesday, September 13th. Investec reissued a hold rating on shares of Renishaw plc in a research note on Friday, August 25th. Numis Securities Ltd reissued an add rating and set a GBX 5,200 ($68.62) target price on shares of Renishaw plc in a research note on Monday, October 23rd. Barclays PLC increased their target price on Renishaw plc from GBX 2,620 ($34.57) to GBX 3,880 ($51.20) and gave the stock an underweight rating in a research note on Thursday, August 17th. Finally, Citigroup Inc reissued a neutral rating and set a GBX 470 ($6.20) target price on shares of Renishaw plc in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Renishaw plc has an average rating of Hold and an average price target of GBX 3,343.29 ($44.12).

Shares of Renishaw plc (LON RSW) opened at GBX 5,265 ($69.48) on Tuesday.

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Renishaw plc Company Profile

Renishaw plc is a metrology company. The Company operates through two segments: metrology and healthcare. The Company’s metrology products are used in the fields of industrial automation and motion systems. The healthcare products include engineering solutions for stereotactic neurosurgery, diagnosis of infectious diseases, analytical tools that identify and characterize the chemistry and structure of materials, supply of implants to hospitals and specialist design centers for craniomaxillofacial surgery, and products and services that allow dental laboratories to manufacture dental restorations.

Analyst Recommendations for Renishaw plc (LON:RSW)

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