Renishaw (LON:RSW) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Renishaw plc's stock has surpassed its 200-day moving average, trading at GBX 3,660 ($49.06) with notable volume on the market.
• Analysts generally provide a "Moderate Buy" consensus for Renishaw, with Deutsche Bank raising its price target from GBX 3,340 to GBX 3,940.
• Recent insider activity included the sale of 8,254 shares by insider Richard McMurtry at an average price of GBX 3,550, with over half of the company's stock owned by insiders.

Renishaw plc (LON:RSW - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,870.74 ($38.48) and traded as high as GBX 3,705 ($49.66). Renishaw shares last traded at GBX 3,660 ($49.06), with a volume of 67,895 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Renishaw from GBX 3,340 to GBX 3,940 and gave the stock a "hold" rating in a research report on Friday, October 10th. UBS Group restated a "buy" rating and set a GBX 3,900 target price on shares of Renishaw 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 3,920.

Renishaw Stock Up 0.5%

The stock has a fifty day moving average price of GBX 3,337.26 and a 200 day moving average price of GBX 2,870.74. 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 stock has a market capitalization of £2.66 billion, a P/E ratio of 3,177.08, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63.

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

Insider Buying and Selling

In other Renishaw news, insider Richard McMurtry sold 8,254 shares of the company'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 insiders.

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.

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