Renishaw (LON:RSW) Rating Increased to Buy at Jefferies Financial Group

Renishaw (LON:RSW) was upgraded by equities research analysts at Jefferies Financial Group to a “buy” rating in a report released on Thursday, London Stock Exchange reports. The brokerage presently has a GBX 6,090 target price on the stock. Jefferies Financial Group’s target price indicates a potential upside of 19.18% from the stock’s previous close.

RSW has been the subject of a number of other reports. Peel Hunt reiterated a “buy” rating and issued a GBX 6,300 target price on shares of Renishaw in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Renishaw from GBX 4,960 to GBX 5,600 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 5,996.67.

Renishaw Stock Performance

Shares of LON:RSW opened at GBX 5,110 on Thursday. The firm’s 50 day simple moving average is GBX 5,018.03 and its 200-day simple moving average is GBX 4,713.72. The company has a debt-to-equity ratio of 1.60, a quick ratio of 3.10 and a current ratio of 4.57. Renishaw has a one year low of GBX 3,110 and a one year high of GBX 5,490. The firm has a market cap of £3.72 billion, a PE ratio of 50.15, a price-to-earnings-growth ratio of 3.73 and a beta of 1.13.

Renishaw Company Profile

We are a world leader in measuring and manufacturing systems.

Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they’re making. This technology also helps our customers to innovate their products and processes.

We are guided by our purpose: Transforming Tomorrow Together. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.