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 4,310.87 and traded as high as GBX 4,738. Renishaw shares last traded at GBX 4,710.38, with a volume of 68,138 shares trading hands.
Analyst Ratings Changes
Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,450 target price on shares of Renishaw in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 3,763.33.
Renishaw Stock Down 0.5%
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. 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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