Renishaw (LON:RSW) Sets New 1-Year High – Time to Buy?

Renishaw plc (LON:RSW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 5,492.50 and last traded at GBX 5,404.39, with a volume of 576258 shares. The stock had previously closed at GBX 5,190.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RSW shares. Peel Hunt reiterated a “buy” rating and issued a GBX 6,300 price target on shares of Renishaw in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Renishaw from GBX 4,960 to GBX 5,600 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group raised Renishaw to a “buy” rating and set a GBX 6,090 target price on the stock in a research report on Thursday, September 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,996.67.

Renishaw Stock Performance

The stock’s 50-day simple moving average is GBX 5,051.99 and its 200-day simple moving average is GBX 4,745.94. The stock has a market cap of £3.96 billion, a price-to-earnings ratio of 53.43, a price-to-earnings-growth ratio of 3.73 and a beta of 1.13. The company has a current ratio of 4.57, a quick ratio of 3.10 and a debt-to-equity ratio of 1.60.

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.