Renishaw plc 10.6% Potential Decrease Indicated by Goldman Sachs

Broker Ratings
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Renishaw plc with EPIC/TICKER (LON:RSW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at Goldman Sachs. Renishaw plc are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 3400 GBX on its stock. This is indicating the analyst believes there is a potential downside of -10.6% from today’s opening price of 3802 GBX. Over the last 30 and 90 trading days the company share price has decreased 196 points and increased 772 points respectively. The 1 year high stock price is 4724 GBX while the 52 week low for the stock is 3030 GBX.

Renishaw plc has a 50 day moving average of 3,959.26 GBX and the 200 Day Moving Average price is recorded at 3,924.52. There are currently 72,788,543 shares in issue with the average daily volume traded being 88,769. Market capitalisation for LON:RSW is £2,739,760,758 GBP.

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    Renishaw plc (LON:RSW) has released a trading update for the nine months ended 31 March 2024, showing solid performance and signs of semiconductor equipment recovery.
    Renishaw plc has released its interim report for the six months ended December 31, 2023. Revenue decreased by 5% to £330.5m, with various factors impacting the results.

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