Shares of Renishaw plc (LON:RSW – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 4,764.45 and traded as low as GBX 4,664. Renishaw shares last traded at GBX 4,734, with a volume of 1,502,433 shares traded.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on RSW. Peel Hunt reaffirmed a “buy” rating and issued a GBX 6,300 target price on shares of Renishaw in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Renishaw from GBX 6,150 to GBX 6,200 and gave the company a “hold” rating in a research note on Friday, October 23rd. Finally, Jefferies Financial Group upgraded Renishaw to a “buy” rating and set a GBX 6,090 price target on the stock in a report on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Renishaw presently has a consensus rating of “Moderate Buy” and an average target price of GBX 6,196.67.
View Our Latest Stock Report on RSW
Renishaw Price Performance
The business has a 50-day simple moving average of GBX 5,363.34 and a 200 day simple moving average of GBX 4,764.45. The stock has a market cap of £3.44 billion, a P/E ratio of 28.88, 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.
Renishaw (LON:RSW – Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 179.50 earnings per share for the quarter. Renishaw had a return on equity of 12.53% and a net margin of 14.58%. On average, analysts forecast 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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