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Renishaw plc 5% Potential Decrease Indicated by Deutsche Bank

Renishaw plc with EPIC/TICKER (LON:RSW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ this morning by analysts at Deutsche Bank. Renishaw plc are listed in the Industrials sector within UK Main Market. Deutsche Bank have set their target price at 3700 GBX on its stock. This now indicates the analyst believes there is a potential downside of -5.0% from today’s opening price of 3894 GBX. Over the last 30 and 90 trading days the company share price has decreased 48 points and decreased 298 points respectively. The 52 week high for the share price is currently at 5740 GBX while the 52 week low for the stock is 3510 GBX.

Renishaw plc has a 50 day moving average of 4,220.09 GBX and a 200 day moving average of 4,279.31. There are currently 72,788,543 shares in issue with the average daily volume traded being 98,409. Market capitalisation for LON:RSW is £2,786,345,426 GBP.