Renishaw (LON:RSW) PT Lowered to GBX 4,000

Renishaw (LON:RSW) had its target price cut by Deutsche Bank Aktiengesellschaft from GBX 4,500 ($59.45) to GBX 4,000 ($52.84) in a report published on Friday, MarketBeat.com reports. They currently have a hold rating on the stock.

Renishaw Trading Down 0.7 %

RSW opened at GBX 3,375 ($44.58) on Friday. The firm has a market capitalization of £2.45 billion, a price-to-earnings ratio of 2,537.59, a PEG ratio of 3.73 and a beta of 0.63. The stock’s fifty day simple moving average is GBX 3,545.06 and its 200-day simple moving average is GBX 3,882.81. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05.

Renishaw Increases Dividend

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

Renishaw Company Profile

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.