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

Renishaw plc (LON:RSW)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 5,320 and last traded at GBX 5,305, with a volume of 24727 shares traded. The stock had previously closed at GBX 5,235.

Analyst Ratings Changes

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

Renishaw Stock Up 0.1%

The firm’s 50 day moving average price is GBX 4,375.30 and its two-hundred day moving average price is GBX 3,949.40. The company has a market cap of £3.81 billion, a P/E ratio of 51.37, a price-to-earnings-growth ratio of 3.73 and a beta of 1.10. The company has a debt-to-equity ratio of 1.60, a quick ratio of 3.10 and a current ratio of 4.57.

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.