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

Renishaw plc (LON:RSW)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 5,445 and last traded at GBX 5,280, with a volume of 84954 shares. The stock had previously closed at GBX 5,300.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,450 price objective on shares of Renishaw in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 3,763.33.

Renishaw Trading Down 0.4%

The company has a debt-to-equity ratio of 1.60, a current ratio of 4.57 and a quick ratio of 3.10. The stock has a market capitalization of £3.84 billion, a price-to-earnings ratio of 51.82, a PEG ratio of 3.73 and a beta of 1.10. The business has a 50 day simple moving average of GBX 4,460.80 and a 200-day simple moving average of GBX 3,989.01.

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.