Renishaw plc (LON:RSW – Get Free Report)’s stock price reached a new 52-week high 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 trading hands. The stock had previously closed at GBX 5,190.
Analyst Upgrades and Downgrades
RSW has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded Renishaw to a “buy” rating and set a GBX 6,090 price objective for the company in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Renishaw from GBX 4,960 to GBX 5,600 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 6,300 price target on shares of Renishaw in a report on Friday, July 24th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,996.67.
Renishaw Price Performance
Renishaw (LON:RSW – Get Free Report) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 179.50 EPS for the quarter. Renishaw had a net margin of 10.06% and a return on equity of 8.06%. Sell-side analysts expect that Renishaw plc will post 159.8984772 EPS for the current fiscal 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.
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