Renishaw plc (LON:RSW – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 5,785 and last traded at GBX 5,785, with a volume of 2951966 shares changing hands. The stock had previously closed at GBX 5,690.
Analysts Set New Price Targets
A number of equities analysts have weighed in on RSW shares. Jefferies Financial Group raised shares of Renishaw to a “buy” rating and set a GBX 6,090 target price for the company in a research note on Thursday, September 10th. Peel Hunt reissued a “buy” rating and issued a GBX 6,300 price target on shares of Renishaw in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Renishaw from GBX 4,960 to GBX 5,600 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,996.67.
Read Our Latest Stock Analysis on RSW
Renishaw Stock Up 1.8%
Renishaw (LON:RSW – Get Free Report) last released its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 179.50 earnings per share for the quarter. Renishaw had a net margin of 14.58% and a return on equity of 12.53%. On average, equities analysts anticipate that Renishaw plc will post 159.8984772 earnings per share for the current year.
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.
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