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 Friday . The stock has a two hundred day moving average of GBX 3,197.45 and traded as high as GBX 3,510. Renishaw shares last traded at GBX 3,425, with a volume of 1,907,963 shares trading hands.

Wall Street Analysts Forecast Growth

RSW has been the topic of several research analyst reports. Shore Capital reissued a “hold” rating on shares of Renishaw in a report on Thursday, October 30th. UBS Group reiterated a “buy” rating and set a GBX 3,900 price objective on shares of Renishaw in a research report on Friday, September 5th. 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 equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 3,920.

Renishaw Stock Down 1.6%

The company has a 50-day moving average of GBX 3,532.90 and a two-hundred day moving average of GBX 3,197.45. 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 company has a market capitalization of £2.49 billion, a PE ratio of 29.73, a P/E/G ratio of 3.73 and a beta of 0.63.

Renishaw (LON:RSW) last announced its quarterly earnings data on Thursday, September 18th. The company reported GBX 137.80 earnings per share (EPS) for the quarter. Renishaw had a net margin of 14.02% and a return on equity of 10.94%. Sell-side analysts anticipate that Renishaw plc will post 159.8984772 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider D John Deer sold 207,050 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total value of £7,112,167.50. Also, insider Allen Roberts sold 4,370 shares of the 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. Insiders have sold 26,946,984 shares of company stock valued at $92,566,472,832 over the last ninety days. 52.95% of the stock is currently owned by company 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.