Renishaw

BofA Securities has upgraded Renishaw from "Underperform" to "Buy" and raised the price target from 2,779p to 5,400p. The bank expects a stronger demand cycle in semiconductors, electronics manufacturing and aerospace/defence and raised its EBIT forecast for FY27 by 22% to £181m (11% above consensus). BofA sees operational leverage from existing capacity, expects excess cash of £210m by FY27 and raised its three‑year EPS CAGR forecast to 21%; the DCF valuation implies roughly 10% upside. » More on de.investing.com

Renishaw reported a record fourth-quarter revenue of about £243m (up 27% year‑on‑year) and raised its adjusted pre‑tax profit guidance for the fiscal year to around £167m, roughly £2m above the previous range. Full‑year revenue is now expected to be about £815m (up 14% year‑on‑year). Strong demand was broad‑based, particularly from semiconductor and electronics manufacturing as well as aerospace and defense, prompting the stock to gain around 7.5%. » More on de.investing.com

Renishaw appoints John Shipsey, effective 13 April 2026, as CFO and executive board member. Sir David Grant is appointed chairman with immediate effect for up to two years; the search for his successor is under way with the aim of making an appointment by 2028. Juliette Stacey has also been appointed senior independent director; the company is continuing to seek an additional independent non-executive director. » More on de.investing.com