Shares of Renishaw plc (LON:RSW - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,922.44 ($38.96) and traded as high as GBX 3,740 ($49.85). Renishaw shares last traded at GBX 3,630 ($48.39), with a volume of 267,778 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on RSW shares. UBS Group reiterated a "buy" rating and issued a GBX 3,900 target price on shares of Renishaw in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Renishaw from GBX 3,340 to GBX 3,940 and gave the stock a "hold" rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,920.
Get Our Latest Research Report on RSW
Renishaw Stock Up 1.8%
The firm has a market cap of £2.69 billion, a P/E ratio of 32.07, a P/E/G ratio of 3.73 and a beta of 0.63. The business's fifty day moving average price is GBX 3,419.37 and its two-hundred day moving average price is GBX 2,922.44. The company has a current ratio of 5.81, a quick ratio of 3.10 and a debt-to-equity ratio of 2.05.
Renishaw (LON:RSW - Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The company reported GBX 137.80 earnings per share for the quarter. Renishaw had a net margin of 14.02% and a return on equity of 10.94%. As a group, equities research analysts anticipate that Renishaw plc will post 159.8984772 EPS for the current year.
Insider Buying and Selling at Renishaw
In other news, insider Richard McMurtry sold 8,254 shares of the firm's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of GBX 3,550, for a total transaction of £293,017. Corporate insiders own 52.93% of the company's stock.
About Renishaw
(
Get Free Report)
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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