Renishaw plc (LON:RSW – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 5,035.77 and traded as high as GBX 5,315. Renishaw shares last traded at GBX 5,285, with a volume of 5,579,508 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on RSW shares. Deutsche Bank Aktiengesellschaft increased their target price on Renishaw from GBX 6,150 to GBX 6,200 and gave the stock a “hold” rating in a research note on Friday. Peel Hunt restated a “buy” rating and issued a GBX 6,300 price target on shares of Renishaw in a research note on Friday, July 24th. Finally, Jefferies Financial Group raised Renishaw to a “buy” rating and set a GBX 6,090 price objective on the stock in a report on Thursday, September 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,196.67.
Check Out Our Latest Stock Analysis on Renishaw
Renishaw Stock Performance
The stock has a market cap of £3.73 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 3.73 and a beta of 1.13. The company has a current ratio of 4.08, a quick ratio of 3.10 and a debt-to-equity ratio of 1.37. The stock has a 50 day simple moving average of GBX 5,331.80 and a 200 day simple moving average of GBX 5,048.50.
Renishaw (LON:RSW – Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 179.50 EPS for the quarter. Renishaw had a return on equity of 12.53% and a net margin of 14.58%. On average, equities analysts expect that Renishaw plc will post 159.90 earnings per share for the current year.
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.
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