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 ($59.45) to GBX 4,000 ($52.84) in a research note published on Friday, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Renishaw Stock Performance

RSW opened at GBX 3,375 ($44.58) on Friday. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05. The firm has a fifty day moving average price of GBX 3,545.06 and a two-hundred day moving average price of GBX 3,882.81. The stock has a market capitalization of £2.45 billion, a PE ratio of 2,537.59, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63.

Renishaw Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be given a GBX 59.40 ($0.78) dividend. This is a positive change from Renishaw’s previous dividend of $16.80. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 1.8%. Renishaw’s dividend payout ratio (DPR) is 5,714.29%.

About Renishaw

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.