Renishaw (LON:RSW) Hits New 1-Year High – Should You Buy?

Renishaw plc (LON:RSW) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 3,815 and last traded at GBX 3,805, with a volume of 82401 shares traded. The stock had previously closed at GBX 3,645.

Analyst Ratings Changes

Several equities analysts have issued reports on RSW shares. Deutsche Bank Aktiengesellschaft lifted their target price on Renishaw from GBX 3,340 to GBX 3,940 and gave the company a “hold” rating in a research note on Friday, October 10th. Shore Capital reaffirmed a “hold” rating on shares of Renishaw in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 3,920.

Renishaw Stock Performance

The firm’s 50-day simple moving average is GBX 3,488.33 and its two-hundred day simple moving average is GBX 3,333.97. The company has a market cap of £2.77 billion, a PE ratio of 33.12, a P/E/G ratio of 3.73 and a beta of 0.63. The company has a current ratio of 5.81, a quick ratio of 3.10 and a debt-to-equity ratio of 2.05.

Insider Transactions at Renishaw

In related news, insider Allen Roberts sold 4,370 shares of Renishaw stock in a transaction dated Monday, October 27th. The stock was sold at an average price of GBX 3,656, for a total transaction of £159,767.20. Also, insider D John Deer sold 342,950 shares of Renishaw stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of GBX 3,435, for a total transaction of £11,780,332.50. Over the last 90 days, insiders have sold 26,938,010 shares of company stock worth $92,534,615,132. Insiders own 52.95% of the company’s stock.

Renishaw Company Profile

We are a world leader in measuring and manufacturing systems.

Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they’re making. This technology also helps our customers to innovate their products and processes.

We are guided by our purpose: Transforming Tomorrow Together. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.