Shares of Renishaw plc (LON:RSW – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 4,764.45 and traded as low as GBX 4,664. Renishaw shares last traded at GBX 4,734, with a volume of 1,502,433 shares.
Analyst Ratings Changes
RSW has been the subject of several research reports. Peel Hunt reiterated a “buy” rating and issued a GBX 6,300 target price on shares of Renishaw in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft upped their price target on Renishaw from GBX 6,150 to GBX 6,200 and gave the stock a “hold” rating in a research note on Friday, October 23rd. Finally, Jefferies Financial Group upgraded Renishaw to a “buy” rating and set a GBX 6,090 price target for the company in a research report on Thursday, September 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,196.67.
Read Our Latest Report on Renishaw
Renishaw Price Performance
The company has a market capitalization of £3.43 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 3.73 and a beta of 1.13. The company has a debt-to-equity ratio of 1.37, a current ratio of 4.08 and a quick ratio of 3.10. The stock’s 50 day simple moving average is GBX 5,354.68 and its 200-day simple moving average is GBX 4,769.51.
Renishaw (LON:RSW – Get Free Report) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 179.50 EPS for the quarter. Renishaw had a net margin of 14.58% and a return on equity of 12.53%. As a group, equities analysts forecast that Renishaw plc will post 159.90 earnings per share for the current fiscal year.
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.
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