Numis Securities Ltd reaffirmed their buy rating on shares of Renishaw plc (LON:RSW) in a research report released on Friday morning, Analyst Ratings.Net reports. They currently have a GBX 2,820 ($40.57) target price on the stock.

Shares of Renishaw plc (LON:RSW) traded down 0.67% on Friday, hitting GBX 1799.82. The company had a trading volume of 200,111 shares. The company has a 50-day moving average of GBX 1,807.00 and a 200 day moving average of GBX 1,960.08. Renishaw plc has a 12 month low of GBX 1,577.00 and a 12 month high of GBX 2,672.90. The stock’s market cap is GBX 1.31 billion.

The business also recently disclosed a dividend, which will be paid on Thursday, April 7th. Stockholders of record on Thursday, March 3rd will be issued a GBX 12.50 ($0.18) dividend. This represents a dividend yield of 0.71%. The ex-dividend date is Thursday, March 3rd.

Several other research firms have also recently commented on RSW. Barclays cut shares of Renishaw plc to an equal weight rating and decreased their target price for the stock from GBX 2,825 ($40.64) to GBX 1,960 ($28.20) in a research report on Thursday, January 7th. Credit Suisse restated a neutral rating and issued a GBX 2,370 ($34.10) target price on shares of Renishaw plc in a research report on Wednesday, November 25th. N+1 Singer restated a sell rating and issued a GBX 1,905 ($27.41) target price on shares of Renishaw plc in a research report on Thursday, October 15th. Finally, Investec decreased their target price on shares of Renishaw plc from GBX 2,300 ($33.09) to GBX 2,100 ($30.21) and set a hold rating for the company in a research report on Thursday, October 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 2,231 ($32.10).

Renishaw plc is a United Kingdom-based metrology company, which is engaged in research and development of new products relating to metrology, including computer-aided design and manufacturing systems, and relating to healthcare products, including Raman spectroscopy systems, dental systems and certain areas in the medical devices field. It operates in two segments: metrology and healthcare products. The Company’s metrology segment products range includes machine tool probe systems, co-ordinate measuring machine (LON:RSW) products, fixtures, styli for probe systems, performance testing products, gauging, vacuum casting, spatial measurement and position encoders. The Company’s healthcare products segment includes dental scanners, Raman microscopes, dental computer-aided systems (CAD) software, neurosurgical robot, neurosurgical implantable, craniomaxillofacial custom-made implants, neurosurgical accessories, neurosurgical planning software, hybrid Raman systems and turnkey Raman analysis.

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