Renishaw (LON:RSW) Stock Price Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• Renishaw shares broke above their 200-day moving average, reaching GBX 5,315 before closing at GBX 5,285, up 1.3% with more than 5.5 million shares traded.
• Analyst sentiment is positive overall, with an average rating of “Moderate Buy” and an average price target of GBX 5,996.67. Recent targets range from GBX 5,600 to GBX 6,300.
• 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 GBX 159.90.

Renishaw plc (LON:RSW - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 5,035.77 and traded as high as GBX 5,315. Renishaw shares last traded at GBX 5,285, with a volume of 5,579,508 shares trading hands.

Analysts Set New Price Targets

RSW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Renishaw from GBX 4,960 to GBX 5,600 and gave the company a "hold" rating in a research report on Tuesday, July 28th. 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, Jefferies Financial Group raised shares of Renishaw to a "buy" rating and set a GBX 6,090 price objective for the company in a research report on Thursday, September 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 5,996.67.

Renishaw Trading Up 1.3%

The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.10 and a current ratio of 4.08. The business has a 50 day moving average of GBX 5,329.47 and a two-hundred day moving average of GBX 5,035.77. The firm has a market capitalization of £3.85 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 3.73 and a beta of 1.13.

Renishaw (LON:RSW - Get Free Report) last issued its earnings results on Wednesday, September 23rd. The company reported GBX 179.50 earnings per share for the quarter. Renishaw had a return on equity of 12.53% and a net margin of 14.58%. Equities analysts predict that Renishaw plc will post 159.90 EPS 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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