Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,025.00p
   
  • Change Today:
      40.00p
  • 52 Week High: 4,370.00p
  • 52 Week Low: 2,950.00p
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 10,867
  • Market Cap: £2,929.74m
  • RiskGrade: 147

Berenberg raises target price on Renishaw

By Iain Gilbert

Date: Monday 26 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on engineering company Renishaw from 5,700.0p to 6,200.0p on Monday, stating the firm appeared to be "poised for a recovery".
Berenberg stated that it had been one month since its "contrarian buy" initiation on Renishaw and, so far, the analysts said their investment thesis was playing out "exactly as expected".

The German bank highlighted that Renishaw's first-quarter update was "bang in line" with forecasts, with Japanese machine tool orders also continuing to show "gradual progress".

However, Berenberg acknowledged that it had received a number of investor pushbacks on its thesis, several of which had been amplified by the stock's recent 20% share price rally.

"Some investors have been deterred by the £680.0m value we place on Renishaw's longer-term investments in additive manufacturing and neurology treatment. However, to apply no value makes little sense to us," said the analysts.

Berenberg added that it does not believe Renishaw's headline multiples "tell the full story" and think investors should consider a sum-of-the-parts methodology.

"Despite the strong run, we continue to think the outlook is attractive, with huge upside potential if certain scenarios play out," said the analysts.

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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 4,025.00p
Change Today 40.00p
% Change 1.00 %
52 Week High 4,370.00p
52 Week Low 2,950.00p
Volume 10,867
Shares Issued 72.79m
Market Cap £2,929.74m
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
13:33 3 @ 4,028.35p
13:14 91 @ 4,025.00p
13:11 8 @ 4,025.00p
13:11 14 @ 4,025.00p
13:11 30 @ 4,025.00p

Renishaw Key Personnel

CEO William Lee

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