Renishaw plc 8.5% Potential Decrease Indicated by Goldman Sachs

Broker Ratings
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Renishaw plc using EPIC/TICKER code (LON:RSW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Goldman Sachs. Renishaw plc are listed in the Industrials sector within UK Main Market. Goldman Sachs have set a target price of 3500 GBX on its stock. This now indicates the analyst believes there is a potential downside of -8.5% from the opening price of 3824 GBX. Over the last 30 and 90 trading days the company share price has decreased 42 points and decreased 234 points respectively. The 1 year high for the share price is 4694 GBX while the year low stock price is currently 3030 GBX.

Renishaw plc has a 50 day moving average of 3,922.06 GBX and a 200 Day Moving Average share price is recorded at 3,881.23. There are currently 72,788,543 shares in issue with the average daily volume traded being 158,287. Market capitalisation for LON:RSW is £2,859,133,969 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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