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

Key Points

• Renishaw shares reached a new 52-week high of GBX 6,030 before last trading at GBX 5,855, with nearly 92,700 shares changing hands.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating, with two Buy and two Hold ratings and an average target price of GBX 5,996.67.
• Renishaw reported quarterly EPS of GBX 179.50, alongside a 14.58% net margin and 12.53% return on equity; analysts expect full-year EPS of about GBX 159.90.

Renishaw plc (LON:RSW - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday. The stock traded as high as GBX 6,030 and last traded at GBX 5,855, with a volume of 92667 shares traded. The stock had previously closed at GBX 5,960.

Analyst Upgrades and Downgrades

RSW has been the topic of a number of research reports. Peel Hunt reaffirmed a "buy" rating and set a GBX 6,300 target price on shares of Renishaw in a research note on Friday, July 24th. Jefferies Financial Group raised shares of Renishaw to a "buy" rating and set a GBX 6,090 price target for the company in a research note on Thursday, September 10th. Finally, 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 report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 5,996.67.

Renishaw Stock Performance

The company has a quick ratio of 3.10, a current ratio of 4.08 and a debt-to-equity ratio of 1.37. The firm has a market cap of £4.29 billion, a P/E ratio of 36.02, a P/E/G ratio of 3.73 and a beta of 1.13. The business has a fifty day simple moving average of GBX 5,220.06 and a 200-day simple moving average of GBX 4,879.97.

Renishaw (LON:RSW - Get Free Report) last announced its earnings results 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%. On average, sell-side analysts predict that Renishaw plc will post 159.8984772 EPS 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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