Renishaw plc (LON:RSW – Get Free Report)’s stock price reached a new 52-week high on Wednesday. The stock traded as high as GBX 5,785 and last traded at GBX 5,785, with a volume of 2951966 shares changing hands. The stock had previously closed at GBX 5,690.
Wall Street Analyst Weigh In
Several research analysts have recently commented on RSW shares. Peel Hunt reissued a “buy” rating and set a GBX 6,300 price objective on shares of Renishaw in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft lifted 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, Jefferies Financial Group upgraded shares of Renishaw to a “buy” rating and set a GBX 6,090 price objective on the stock in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Renishaw has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,996.67.
Check Out Our Latest Analysis on RSW
Renishaw Trading Up 1.7%
Renishaw (LON:RSW – Get Free Report) last issued its earnings results on Wednesday, September 23rd. The company reported GBX 179.50 earnings per share (EPS) for the quarter. Renishaw had a return on equity of 12.53% and a net margin of 14.58%. As a group, sell-side analysts anticipate that Renishaw plc will post 159.8984772 earnings per share for the current fiscal 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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