Renishaw (LON:RSW) Reaches New 1-Year High - Time to Buy?

Key Points

• Renishaw's stock has reached a new 52-week high, trading at GBX 3,780 ($50.75), with analysts rating its stock as a "Moderate Buy."
• UBS Group set a price target of GBX 3,900, while Deutsche Bank raised its target from GBX 3,000 to GBX 3,340, maintaining a hold rating.
• Renishaw reported an EPS of GBX 137.80 for the latest quarter, with expectations for earnings to reach approximately GBX 159.90 per share for the current year.

Renishaw plc (LON:RSW - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 3,780 ($50.75) and last traded at GBX 3,705 ($49.74), with a volume of 15524 shares changing hands. The stock had previously closed at GBX 3,710 ($49.81).

Analyst Upgrades and Downgrades

RSW has been the subject of a number of research analyst reports. UBS Group restated a "buy" rating and set a GBX 3,900 price objective on shares of Renishaw in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Renishaw from GBX 3,000 to GBX 3,340 and gave the company a "hold" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 3,620.

Renishaw Trading Up 0.1%

The company has a market cap of £2.70 billion, a PE ratio of 3,224.83, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. The company has a debt-to-equity ratio of 2.05, a current ratio of 5.81 and a quick ratio of 3.10. The company has a 50-day moving average of GBX 3,247.46 and a 200 day moving average of GBX 2,829.02.

Renishaw (LON:RSW - Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The company reported GBX 137.80 EPS for the quarter. Renishaw had a return on equity of 10.94% and a net margin of 14.02%. Analysts predict that Renishaw plc will post 159.8984772 earnings per share for the current year.

Insider Activity

In other Renishaw news, insider Richard McMurtry sold 8,254 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of GBX 3,550, for a total transaction of £293,017. 52.93% of the stock is owned by company insiders.

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.

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