Renishaw (LON:RSW) Stock Crosses Above 200 Day Moving Average – What’s Next?

Renishaw plc (LON:RSW) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,401.36 and traded as high as GBX 3,795. Renishaw shares last traded at GBX 3,725, with a volume of 1,535,126 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on RSW shares. Deutsche Bank Aktiengesellschaft raised their target price on Renishaw from GBX 3,340 to GBX 3,940 and gave the company a “hold” rating in a research note on Friday, October 10th. Shore Capital reissued 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,920.

Renishaw Price Performance

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 fifty day moving average price is GBX 3,570.73 and its 200-day moving average price is GBX 3,401.36. The stock has a market capitalization of £2.73 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 3.73 and a beta of 0.63.

Insider Activity at Renishaw

In related news, insider D John Deer sold 207,050 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total transaction of £7,112,167.50. Also, insider Richard McMurtry sold 26,376,468 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of GBX 3,435, for a total value of £906,031,675.80. Over the last three months, insiders sold 26,926,468 shares of company stock valued at $92,492,417,580. 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.