Renishaw plc (OTCMKTS:RNSHF) Given Average Recommendation of “Hold” by Analysts

Renishaw plc (OTCMKTS:RNSHF) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company.

RNSHF has been the topic of a number of research reports. The Goldman Sachs Group upgraded Renishaw from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 27th. Zacks Investment Research cut Renishaw from a “buy” rating to a “hold” rating in a research note on Thursday, June 3rd. Finally, Barclays reaffirmed an “underweight” rating on shares of Renishaw in a research report on Tuesday, July 20th.

Shares of RNSHF stock remained flat at $$76.88 on Wednesday. The company had a trading volume of 8 shares, compared to its average volume of 253. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.63 and a quick ratio of 3.55. Renishaw has a one year low of $63.19 and a one year high of $97.00. The firm has a market cap of $5.60 billion, a P/E ratio of 120.13 and a beta of 0.81. The company has a 50-day simple moving average of $69.18 and a 200 day simple moving average of $77.59.

Renishaw Company Profile

Renishaw Plc engages in the design, manufacture, and marketing of metrology and healthcare products. It operates through the Metrology and Healthcare segments. The Metrology segment engages in the fields of industrial automation and motion systems. The Healthcare segment offers engineering solutions for stereotactic neurosurgery, analytical systems that identify and assess biochemical changes associated with disease formation and progression, the supply of specially configured metal additive manufacturing (AM) systems for medical and dental applications, the supply of implants to hospitals and specialist design centres for craniomaxillofacial surgery, and products and services that allow dental laboratories to manufacture high-quality dental restorations.

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Analyst Recommendations for Renishaw (OTCMKTS:RNSHF)

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