Renishaw (LON:RSW) PT Lowered to GBX 4,000

Renishaw (LON:RSW) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 4,500 ($58.85) to GBX 4,000 ($52.31) in a research report released on Friday, Digital Look reports. They currently have a hold rating on the stock.

Renishaw Price Performance

RSW stock traded down GBX 25 ($0.33) during trading on Friday, hitting GBX 3,375 ($44.13). The stock had a trading volume of 46,697 shares, compared to its average volume of 73,659. The company has a debt-to-equity ratio of 1.69, a current ratio of 6.17 and a quick ratio of 3.10. Renishaw has a twelve month low of GBX 2,823.42 ($36.92) and a twelve month high of GBX 4,500 ($58.85). The stock has a market capitalization of £2.45 billion, a P/E ratio of 2,518.66, a PEG ratio of 3.73 and a beta of 0.63. The company’s 50-day moving average price is GBX 3,550.06 and its two-hundred day moving average price is GBX 3,889.38.

Renishaw Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be issued a GBX 59.40 ($0.78) dividend. This represents a yield of 1.8%. This is a boost from Renishaw’s previous dividend of $16.80. The ex-dividend date of this dividend is Thursday, October 31st. Renishaw’s payout ratio is presently 5,671.64%.

Renishaw Company Profile

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services technological products and services, and analytical instruments and medical devices worldwide. The company offers co-ordinate measuring machine products, hardware, software, retrofits, machine tool probes, diagnostics, encoders, tool setters, performance measurement systems, gauging systems, modular and custom fixtures, and styli products for touch probe systems; machine calibration and optimization products; interferometric laser, magnetic, and open and enclosed optical encoders; and additive manufacturing systems.