Renishaw (LON:RSW) Given Buy Rating at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Renishaw (LON:RSW) in a research report released on Friday,Digital Look reports. Peel Hunt currently has a GBX 6,300 price target on the stock.

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 3,450 price objective on shares of Renishaw in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 4,397.50.

Renishaw Trading Up 5.2%

LON:RSW opened at GBX 5,205 on Friday. Renishaw has a 12-month low of GBX 2,860 and a 12-month high of GBX 5,490. The company has a current ratio of 4.57, a quick ratio of 3.10 and a debt-to-equity ratio of 1.60. The stock’s 50 day simple moving average is GBX 5,060.33 and its 200-day simple moving average is GBX 4,411.73. The firm has a market cap of £3.79 billion, a P/E ratio of 51.08, a PEG ratio of 3.73 and a beta of 1.13.

About Renishaw

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.