Renishaw (LON:RSW) Earns “Equal weight” Rating from Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of Renishaw (LON:RSW) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued reports about the company. Investec lowered Renishaw to a sell rating and lowered their target price for the stock from GBX 3,810 ($49.78) to GBX 3,745 ($48.94) in a research report on Tuesday, May 28th. UBS Group initiated coverage on Chewy in a research report on Tuesday, July 9th. They set a buy rating and a $42.00 target price on the stock. Goldman Sachs Group lowered EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research report on Wednesday. Numis Securities reissued a buy rating and issued a GBX 340 ($4.44) price target on shares of BT Group in a research report on Monday, May 20th. Finally, Deutsche Bank lowered their price target on Broadcom from $330.00 to $315.00 and set a buy rating for the company in a research report on Friday, June 14th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of Sell and a consensus price target of GBX 3,693.57 ($48.26).

Shares of LON:RSW opened at GBX 3,822 ($49.94) on Thursday. Renishaw has a twelve month low of GBX 3,510 ($45.86) and a twelve month high of GBX 5,700 ($74.48). The stock’s 50 day moving average price is GBX 3,977.20. The firm has a market capitalization of $2.78 billion and a price-to-earnings ratio of 21.72.

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.

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Analyst Recommendations for Renishaw (LON:RSW)

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