Renishaw (LON:RSW) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Renishaw plc (LON:RSW) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,096.26 and traded as high as GBX 3,355. Renishaw shares last traded at GBX 3,325, with a volume of 56,671 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RSW shares. UBS Group reissued a “buy” rating and set a GBX 3,900 price target on shares of Renishaw in a report on Friday, September 5th. Shore Capital reiterated a “hold” rating on shares of Renishaw in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price 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. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 3,920.

Renishaw Trading Down 0.9%

The stock has a 50 day moving average of GBX 3,535.57 and a 200-day moving average of GBX 3,096.26. The company has a market capitalization of £2.42 billion, a P/E ratio of 28.86, a P/E/G ratio of 3.73 and a beta of 0.63. 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) last announced its earnings results on Thursday, September 18th. The company reported GBX 137.80 EPS for the quarter. Renishaw had a net margin of 14.02% and a return on equity of 10.94%. On average, research analysts predict that Renishaw plc will post 159.8984772 EPS for the current year.

Insider Buying and Selling

In other Renishaw news, insider Allen Roberts sold 4,370 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of GBX 3,656, for a total value of £159,767.20. Also, insider William Lee sold 7,172 shares of Renishaw stock in a transaction on Monday, October 27th. The stock was sold at an average price of GBX 3,656, for a total transaction of £262,208.32. Insiders sold a total of 20,516 shares of company stock worth $74,055,252 in the last 90 days. 52.95% of the stock is owned by corporate 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.