Renishaw (LON:RSW) Reaches New 12-Month High – Here’s Why

Renishaw plc (LON:RSW)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 5,445 and last traded at GBX 5,280, with a volume of 84954 shares traded. The stock had previously closed at GBX 5,300.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,450 target price on shares of Renishaw in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 3,763.33.

Renishaw Trading Down 0.4%

The company has a market cap of £3.84 billion, a P/E ratio of 51.82, a P/E/G ratio of 3.73 and a beta of 1.10. The company has a quick ratio of 3.10, a current ratio of 4.57 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average price of GBX 4,460.80 and a two-hundred day moving average price of GBX 3,989.01.

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.