Renishaw (LON:RSW) had its price objective trimmed by Goldman Sachs Group from GBX 4,570 ($59.72) to GBX 4,100 ($53.57) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. UBS Group reaffirmed a sell rating and issued a GBX 3,423 ($44.73) target price (down previously from GBX 3,704 ($48.40)) on shares of Renishaw in a research note on Friday, March 22nd. Deutsche Bank reaffirmed a sell rating on shares of Renishaw in a research note on Friday, March 15th. Peel Hunt reaffirmed an under review rating on shares of Renishaw in a research note on Thursday, January 31st. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of Renishaw in a research note on Monday, January 14th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of Sell and a consensus price target of GBX 4,224.67 ($55.20).

Shares of RSW opened at GBX 4,474 ($58.46) on Friday. The company has a market capitalization of $3.26 billion and a price-to-earnings ratio of 25.42. Renishaw has a 1 year low of GBX 3,558 ($46.49) and a 1 year high of GBX 5,745 ($75.07).

Renishaw (LON:RSW) last issued its earnings results on Thursday, January 31st. The company reported GBX 69.30 ($0.91) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 74.10 ($0.97) by GBX (4.80) (($0.06)).

The business also recently disclosed a dividend, which was paid on Monday, April 8th. Shareholders of record on Thursday, March 7th were given a GBX 14 ($0.18) dividend. The ex-dividend date was Thursday, March 7th. This represents a yield of 0.3%. Renishaw’s payout ratio is currently 0.34%.

In related news, insider William Lee acquired 1,000 shares of the stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of GBX 3,793 ($49.56) per share, for a total transaction of £37,930 ($49,562.26). Also, insider Geoff McFarland acquired 3,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was bought at an average price of GBX 3,792 ($49.55) per share, with a total value of £113,760 ($148,647.59).

About Renishaw

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.

Recommended Story: Buy-Side Analysts

Analyst Recommendations for Renishaw (LON:RSW)

Receive News & Ratings for Renishaw Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renishaw and related companies with's FREE daily email newsletter.