19 Jan 2018
Strong H1 results expected
Next week Renishaw will report H1 18 results which we expect to show strong growth, consistent with rising global sector indicators such as manufacturing PMIs, industrial production growth and machine tool orders. We have belatedly refreshed our forecasts to reflect the positive momentum which has continued through FY17 into FY18, and moved estimates c.6% above consensus expectations. We have also increased our target price to 5600p, although retain our Hold recommendation given the shares’ stro ....
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Strong H1 results expected
Renishaw plc (RSW:LON) | 4,065 813 0.5% | Mkt Cap: 2,959m
- Published:
19 Jan 2018 -
Author:
Jo Reedman -
Pages:
3
Next week Renishaw will report H1 18 results which we expect to show strong growth, consistent with rising global sector indicators such as manufacturing PMIs, industrial production growth and machine tool orders. We have belatedly refreshed our forecasts to reflect the positive momentum which has continued through FY17 into FY18, and moved estimates c.6% above consensus expectations. We have also increased our target price to 5600p, although retain our Hold recommendation given the shares’ stro ....