Renishaw (LON:RSW) Sets New 12-Month High – Here’s What Happened

Renishaw plc (LON:RSW) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 5,492.50 and last traded at GBX 5,404.39, with a volume of 576258 shares traded. The stock had previously closed at GBX 5,190.

Wall Street Analyst Weigh In

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

Renishaw Stock Performance

The stock has a market cap of £3.96 billion, a price-to-earnings ratio of 53.43, a P/E/G ratio of 3.73 and a beta of 1.13. The company has a quick ratio of 3.10, a current ratio of 4.57 and a debt-to-equity ratio of 1.60. The company has a 50 day simple moving average of GBX 5,051.99 and a 200 day simple moving average of GBX 4,745.94.

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.