Renishaw plc 21.1% Potential Decrease Indicated by UBS

Broker Ratings
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Renishaw plc using EPIC/TICKER code (LON:RSW) had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘SELL’ today by analysts at UBS. Renishaw plc are listed in the Industrials sector within UK Main Market. UBS have set a target price of 3200 GBX on its stock. This would imply the analyst believes there is a potential downside of -21.1% from today’s opening price of 4058 GBX. Over the last 30 and 90 trading days the company share price has increased 410 points and increased 570 points respectively. The 1 year high for the share price is 4724 GBX while the 52 week low for the share price is 3030 GBX.

Renishaw plc has a 50 day moving average of 3,670.52 GBX and a 200 day moving average of 4,000.52. There are currently 72,788,543 shares in issue with the average daily volume traded being 109,435. Market capitalisation for LON:RSW is £2,917,364,803 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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