Renishaw (LON:RSW) Hits New 1-Year High – Here’s Why

Shares of Renishaw plc (LON:RSW) reached a new 52-week high on Thursday . The company traded as high as GBX 3,905 and last traded at GBX 3,870, with a volume of 44018 shares trading hands. The stock had previously closed at GBX 3,770.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RSW. Deutsche Bank Aktiengesellschaft increased their price objective on Renishaw from GBX 3,340 to GBX 3,940 and gave the company a “hold” rating in a report on Friday, October 10th. Shore Capital reiterated a “hold” rating on shares of Renishaw in a research note on Thursday, October 30th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 3,920.

Renishaw Trading Down 1.4%

The company has a debt-to-equity ratio of 2.05, a current ratio of 5.81 and a quick ratio of 3.10. The business’s 50-day moving average is GBX 3,540.13 and its 200 day moving average is GBX 3,375.87. The firm has a market capitalization of £2.78 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63.

Insider Buying and Selling at Renishaw

In related news, insider Richard McMurtry sold 26,376,468 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total value of £906,031,675.80. Also, insider William Lee sold 7,172 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of GBX 3,656, for a total transaction of £262,208.32. Insiders sold a total of 26,938,010 shares of company stock valued at $92,534,615,132 over the last ninety days. Company insiders own 52.95% of the company’s stock.

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.