Renishaw plc (LON:RSW – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,069.23 and traded as high as GBX 5,230. Renishaw shares last traded at GBX 5,145, with a volume of 68,375 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 3,450 price objective on shares of Renishaw in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 3,763.33.
Read Our Latest Research Report on RSW
Renishaw Trading Down 0.1%
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.
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