Renishaw (LON:RSW) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Renishaw plc (LON:RSW) shares passed 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 changing hands.

Analyst Ratings Changes

Several research analysts have weighed in on RSW shares. Shore Capital reaffirmed a “hold” rating on shares of Renishaw in a research note on Thursday, October 30th. UBS Group reissued a “buy” rating and issued a GBX 3,900 price target on shares of Renishaw in a research note on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of 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 analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Renishaw has an average rating of “Hold” and a consensus target price of GBX 3,920.

Renishaw Price Performance

The company has a market capitalization of £2.49 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. 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 stock’s 50 day simple moving average is GBX 3,532.90 and its 200-day simple moving average is GBX 3,197.45.

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

Insider Buying and Selling at Renishaw

In related news, insider D John Deer sold 342,950 shares of Renishaw 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 £11,780,332.50. Also, insider William Lee sold 7,172 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of GBX 3,656, for a total value of £262,208.32. In the last three months, insiders have sold 26,946,984 shares of company stock worth $92,566,472,832. 52.95% of the stock is currently owned by 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.