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Renishaw plc 9.7% Potential Decrease Indicated by Numis

Renishaw plc with EPIC/TICKER (LON:RSW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today by analysts at Numis. Renishaw plc are listed in the Industrials sector within UK Main Market. Numis have set a target price of 3600 GBX on its stock. This is indicating the analyst believes there is a potential downside of -9.7% from today’s opening price of 3988 GBX. Over the last 30 and 90 trading days the company share price has decreased 606 points and decreased 436 points respectively. The 1 year high for the stock price is 5745 GBX while the 52 week low for the stock is 3510 GBX.

Renishaw plc has a 50 day moving average of 4,244.26 GBX and a 200 day moving average of 4,417.44. There are currently 72,788,543 shares in issue with the average daily volume traded being 95,595. Market capitalisation for LON:RSW is £2,920,276,345 GBP.