Renishaw (LON:RSW) Reaches New 1-Year High – Time to Buy?

Renishaw plc (LON:RSW)’s share price reached a new 52-week high on Wednesday. The stock traded as high as GBX 5,785 and last traded at GBX 5,785, with a volume of 2951966 shares traded. The stock had previously closed at GBX 5,690.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Renishaw to a “buy” rating and set a GBX 6,090 price target for the company in a research report on Thursday, September 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 6,300 price objective on shares of Renishaw in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Renishaw from GBX 4,960 to GBX 5,600 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 5,996.67.

Renishaw Price Performance

The company has a quick ratio of 3.10, a current ratio of 4.08 and a debt-to-equity ratio of 1.37. The firm’s fifty day moving average price is GBX 5,157.35 and its 200-day moving average price is GBX 4,824.62. The stock has a market cap of £4.21 billion, a P/E ratio of 56.77, a PEG ratio of 3.73 and a beta of 1.13.

Renishaw (LON:RSW) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 179.50 EPS for the quarter. Renishaw had a net margin of 14.58% and a return on equity of 12.53%. Analysts forecast that Renishaw plc will post 159.8984772 earnings per share for the current year.

About Renishaw

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.