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

Renishaw plc (LON:RSWGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 5,265 and last traded at GBX 5,265, with a volume of 48473 shares changing hands. The stock had previously closed at GBX 5,235.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 3,450 price target on shares of Renishaw in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 3,763.33.

Get Our Latest Research Report on RSW

Renishaw Stock Performance

The company has a quick ratio of 3.10, a current ratio of 4.57 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of £3.83 billion, a P/E ratio of 51.67, a P/E/G ratio of 3.73 and a beta of 1.10. The business has a fifty day moving average price of GBX 4,140.74 and a 200-day moving average price of GBX 3,837.64.

Renishaw (LON:RSWGet Free Report) last issued its earnings results on Thursday, February 12th. The company reported GBX 68.80 earnings per share for the quarter. Renishaw had a return on equity of 8.06% and a net margin of 10.06%. On average, sell-side analysts expect that Renishaw plc will post 159.8984772 EPS for the current year.

Renishaw Company Profile

(Get Free Report)

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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