Renishaw plc (LON:RSW – Get Free Report) shares crossed 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.
Analyst Ratings Changes
A number of equities analysts recently weighed in on RSW shares. Peel Hunt reissued a “buy” rating and set a GBX 6,300 target price on shares of Renishaw in a research note on Friday, July 24th. Jefferies Financial Group raised shares of Renishaw to a “buy” rating and set a GBX 6,090 price target on the stock in a research report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Renishaw from GBX 6,150 to GBX 6,200 and gave the company a “hold” rating in a research report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Renishaw currently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,196.67.
Check Out Our Latest Report on RSW
Renishaw Stock Down 0.2%
The company has a market cap of £3.44 billion, a P/E ratio of 28.88, a PEG ratio of 3.73 and a beta of 1.13. The stock’s 50-day moving average price is GBX 5,363.34 and its 200-day moving average price is GBX 4,764.45. 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 earnings results on Wednesday, September 23rd. The company reported GBX 179.50 EPS for the quarter. Renishaw had a return on equity of 12.53% and a net margin of 14.58%. As a group, research analysts forecast that Renishaw plc will post 159.90 EPS 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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