Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,015.00p
   
  • Change Today:
      30.00p
  • 52 Week High: 4,370.00p
  • 52 Week Low: 2,950.00p
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 10,485
  • Market Cap: £2,922.46m
  • RiskGrade: 147

Renishaw gains on speculation probes may be used in iPhone 8

By Alexander Bueso

Date: Friday 28 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Stock in Renishaw shot higher on speculation the company's products are likely to be used in Apple's iPhone 8.
Redburn analyst Stephen Swanton is telling clients that a spate of "peculiar" data points has emerged in the Chinese machine-tooling market.

That, Swanton says, typically signals that Apple is ordering metrology tools for a pending iPhone launch.

If that is the case, earnings per share upgrades of between 10% and 30% are possible for Renishaw, the analyst points out.

Wotton-under-Edge-based Renishaw has never admitted to being a supplier to Apple but an iPhone 5 trailer showed a Renishaw probe being used in the making of the mobile´s casing.

Redburn rates Renishaw at 'Buy' with a target price of 3,233p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Renishaw Market Data

Currency UK Pounds
Share Price 4,015.00p
Change Today 30.00p
% Change 0.75 %
52 Week High 4,370.00p
52 Week Low 2,950.00p
Volume 10,485
Shares Issued 72.79m
Market Cap £2,922.46m
RiskGrade 147

Renishaw Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.82% below the market average78.82% below the market average78.82% below the market average78.82% below the market average78.82% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
33.91% above the market average33.91% above the market average33.91% above the market average33.91% above the market average33.91% above the market average
43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average
Income
82.35% below the market average82.35% below the market average82.35% below the market average82.35% below the market average82.35% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Growth
2% below the market average2% below the market average2% below the market average2% below the market average2% below the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 3
Sell 1
Strong Sell 1
Total 7
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Renishaw Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Mar-24 02-Nov-23
Paid 09-Apr-24 07-Dec-23
Amount 16.80p 59.40p

Trades for 17-Jun-2024

Time Volume / Share Price
12:34 2 @ 4,015.00p
12:33 90 @ 4,019.34p
12:09 11 @ 4,016.50p
12:02 38 @ 4,015.00p
12:02 31 @ 4,015.00p

Renishaw Key Personnel

CEO William Lee

Top of Page