Renishaw (LON:RSW) Sets New 1-Year High – What’s Next?

Renishaw plc (LON:RSW) hit a new 52-week high on Tuesday . The company traded as high as GBX 4,270 and last traded at GBX 4,250, with a volume of 270632 shares. The stock had previously closed at GBX 4,225.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “hold” rating on shares of Renishaw in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,920.

Renishaw Trading Up 0.6%

The company has a market capitalization of £3.09 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 3.73 and a beta of 0.63. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.10 and a current ratio of 5.81. The business’s 50-day simple moving average is GBX 3,673.41 and its 200-day simple moving average is GBX 3,488.62.

Renishaw (LON:RSW) last issued its quarterly earnings results on Thursday, February 12th. The company reported GBX 68.80 EPS for the quarter. Renishaw had a net margin of 14.02% and a return on equity of 10.94%. On average, research analysts expect that Renishaw plc will post 159.8984772 earnings per share for the current fiscal year.

Insider Buying and Selling at Renishaw

In other news, insider Richard McMurtry sold 26,376,468 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total value of £906,031,675.80. Also, insider D John Deer sold 207,050 shares of the firm’s stock in a transaction 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. Insiders have sold a total of 26,926,468 shares of company stock valued at $92,492,417,580 in the last quarter. Corporate insiders own 52.95% of the company’s stock.

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.