Deutsche Bank Aktiengesellschaft Cuts Renishaw (LON:RSW) Price Target to GBX 4,000

Renishaw (LON:RSW) had its price target lowered by Deutsche Bank Aktiengesellschaft from GBX 4,500 ($58.85) to GBX 4,000 ($52.31) in a report published on Friday, Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Renishaw Stock Performance

RSW traded down GBX 25 ($0.33) during midday trading on Friday, hitting GBX 3,375 ($44.13). 46,697 shares of the company were exchanged, compared to its average volume of 73,659. The company’s 50 day simple moving average is GBX 3,550.06 and its 200 day simple moving average is GBX 3,889.38. The firm has a market capitalization of £2.45 billion, a price-to-earnings ratio of 2,518.66, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. The company has a current ratio of 6.17, a quick ratio of 3.10 and a debt-to-equity ratio of 1.69. Renishaw has a 1-year low of GBX 2,823.42 ($36.92) and a 1-year high of GBX 4,500 ($58.85).

Renishaw Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be given a dividend of GBX 59.40 ($0.78) per share. The ex-dividend date is Thursday, October 31st. This is a boost from Renishaw’s previous dividend of $16.80. This represents a dividend yield of 1.8%. Renishaw’s dividend payout ratio (DPR) is 5,671.64%.

About Renishaw

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.