RWS (LON:RWS) Price Target Cut to GBX 260 by Analysts at Canaccord Genuity Group

Posted by on Jun 12th, 2023

RWS (LON:RWS – Get Rating) had its price objective reduced by analysts at Canaccord Genuity Group from GBX 265 ($3.29) to GBX 260 ($3.23) in a report released on Monday, Marketbeat.com reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 2.59% from the company’s current price.

Other research analysts also recently issued reports about the company. Shore Capital reiterated a “buy” rating on shares of RWS in a report on Thursday. Berenberg Bank reiterated a “buy” rating and set a GBX 470 ($5.84) price objective on shares of RWS in a report on Thursday.

RWS Stock Down 1.8 %

Shares of LON RWS traded down GBX 4.55 ($0.06) during mid-day trading on Monday, reaching GBX 253.45 ($3.15). 460,388 shares of the company’s stock were exchanged, compared to its average volume of 1,039,676. The firm has a market capitalization of £987.12 million, a price-to-earnings ratio of 1,584.04, a PEG ratio of 1.43 and a beta of 0.62. The company has a current ratio of 1.60, a quick ratio of 1.43 and a debt-to-equity ratio of 6.66. The business has a fifty day simple moving average of GBX 258.90 and a 200 day simple moving average of GBX 323.76. RWS has a twelve month low of GBX 225.20 ($2.80) and a twelve month high of GBX 417.49 ($5.19).

Insider Buying and Selling at RWS

In related news, insider Ian El Mokadem purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was purchased at an average cost of GBX 254 ($3.16) per share, for a total transaction of £101,600 ($126,305.32). In other RWS news, insider Candida (Candy) Davies bought 20,000 shares of RWS stock in a transaction dated Tuesday, April 25th. The stock was bought at an average cost of GBX 242 ($3.01) per share, for a total transaction of £48,400 ($60,169.07). Also, insider Ian El Mokadem purchased 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were purchased at an average cost of GBX 254 ($3.16) per share, with a total value of £101,600 ($126,305.32). Corporate insiders own 23.54% of the company’s stock.

RWS Company Profile

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RWS Holdings plc provides technology-enabled language, content management, and intellectual property (IP) services. It operates through four segments: Language Services, Regulated Industries, IP Services, and Language and Content Technology. The Language Services segment provides language services and helps clients to create, translate, and deliver content in approximately 250 languages.

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