Renishaw (LON:RSW) Hits New 52-Week High – Should You Buy?

Renishaw plc (LON:RSWGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 5,265 and last traded at GBX 5,265, with a volume of 48473 shares traded. The stock had previously closed at GBX 5,235.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 3,450 price target on shares of Renishaw in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Renishaw currently has a consensus rating of “Hold” and a consensus price target of GBX 3,763.33.

View Our Latest Analysis on RSW

Renishaw Trading Up 0.6%

The stock has a 50 day simple moving average of GBX 4,140.74 and a 200-day simple moving average of GBX 3,837.64. The firm has a market capitalization of £3.83 billion, a P/E ratio of 51.67, a P/E/G ratio of 3.73 and a beta of 1.10. The company has a current ratio of 4.57, a quick ratio of 3.10 and a debt-to-equity ratio of 1.60.

Renishaw (LON:RSWGet Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported GBX 68.80 earnings per share (EPS) for the quarter. Renishaw had a net margin of 10.06% and a return on equity of 8.06%. On average, equities research analysts forecast that Renishaw plc will post 159.8984772 EPS for the current fiscal year.

About Renishaw

(Get Free Report)

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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