Renishaw (LON:RSW) Hits New 1-Year High – Here’s What Happened

Renishaw plc (LON:RSW)’s stock price reached a new 52-week high on Tuesday. The company traded as high as GBX 6,030 and last traded at GBX 5,855, with a volume of 92667 shares trading hands. The stock had previously closed at GBX 5,960.

Wall Street Analysts Forecast Growth

RSW has been the topic of several analyst reports. Jefferies Financial Group raised shares of Renishaw to a “buy” rating and set a GBX 6,090 target price on the stock in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft raised their target price on Renishaw from GBX 4,960 to GBX 5,600 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 6,300 price target on shares of Renishaw in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,996.67.

Renishaw Trading Down 2.1%

The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.10 and a current ratio of 4.08. The stock has a market cap of £4.11 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 3.73 and a beta of 1.13. The company’s 50 day simple moving average is GBX 5,254.06 and its two-hundred day simple moving average is GBX 4,907.76.

Renishaw (LON:RSW) last released its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 179.50 earnings per share (EPS) for the quarter. Renishaw had a return on equity of 12.53% and a net margin of 14.58%. Research analysts expect that Renishaw plc will post 159.8984772 EPS for the current fiscal year.

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.