Renishaw (LON:RSW) Sets New 12-Month High - Still a Buy?

Key Points

• Renishaw shares hit a new 52-week high, trading as high as GBX 4,766 and last at GBX 4,762 on Tuesday with about 14,868 shares changing hands.
• Analyst consensus is a Hold with an average price target of GBX 3,763.33—well below the current share price—and Jefferies reiterated a hold with a GBX 3,450 target.
• Key fundamentals: market cap £3.50bn, PE 47.20 and PEG 3.73, strong liquidity (current ratio 4.57, quick ratio 3.10) but debt-to-equity 1.60; last quarter EPS was GBX 68.80 with ROE 8.06%.

Renishaw plc (LON:RSW - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 4,766 and last traded at GBX 4,762, with a volume of 14868 shares changing hands. The stock had previously closed at GBX 4,756.38.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a "hold" rating and set a GBX 3,450 price objective on shares of Renishaw in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Renishaw presently has a consensus rating of "Hold" and an average price target of GBX 3,763.33.

Renishaw Stock Performance

The company has a market cap of £3.50 billion, a PE ratio of 47.20, a PEG ratio of 3.73 and a beta of 0.94. The company has a debt-to-equity ratio of 1.60, a current ratio of 4.57 and a quick ratio of 3.10. The business has a 50-day moving average of GBX 4,030.90 and a 200 day moving average of GBX 3,767.30.

Renishaw (LON:RSW - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported GBX 68.80 EPS for the quarter. Renishaw had a return on equity of 8.06% and a net margin of 10.06%. Equities research analysts anticipate that Renishaw plc will post 159.8984772 EPS for the current fiscal 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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