Renishaw (LON:RSW) Hits New 1-Year High – What’s Next?

Renishaw plc (LON:RSW)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 4,270 and last traded at GBX 4,250, with a volume of 270632 shares changing hands. The stock had previously closed at GBX 4,225.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “hold” rating on shares of Renishaw in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 3,920.

Renishaw Trading Down 0.6%

The firm has a market capitalization of £3.13 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05. The company’s 50-day simple moving average is GBX 3,704.54 and its 200 day simple moving average is GBX 3,503.95.

Renishaw (LON:RSW) last posted its quarterly earnings data on Thursday, February 12th. The company reported GBX 68.80 EPS for the quarter. Renishaw had a net margin of 14.02% and a return on equity of 10.94%. As a group, sell-side analysts expect that Renishaw plc will post 159.8984772 EPS for the current year.

Insiders Place Their Bets

In related news, insider Richard McMurtry sold 26,376,468 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total transaction of £906,031,675.80. Also, insider D John Deer sold 342,950 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of GBX 3,435, for a total value of £11,780,332.50. Over the last ninety days, insiders have sold 26,926,468 shares of company stock worth $92,492,417,580. Insiders own 52.95% of the company’s stock.

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.