Renishaw plc 23.8% Potential Upside Indicated by Morgan Stanley

Broker Ratings
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Renishaw plc using EPIC/TICKER code (LON:RSW) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at Morgan Stanley. Renishaw plc are listed in the Industrials sector within UK Main Market. Morgan Stanley have set their target price at 4500 GBX on its stock. This would imply the analyst believes there is now a potential upside of 23.8% from today’s opening price of 3634 GBX. Over the last 30 and 90 trading days the company share price has decreased 320 points and increased 142 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 3,892.36 GBX and a 200 day moving average of 3,895.84. There are currently 72,788,543 shares in issue with the average daily volume traded being 108,201. Market capitalisation for LON:RSW is £2,736,397,842 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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