Renishaw (LON:RSW) Sets New 12-Month High – Time to Buy?

Renishaw plc (LON:RSW)’s stock price 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 trading hands. The stock had previously closed at GBX 4,225.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “hold” rating on shares of Renishaw in a report on Thursday, October 30th. One 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 stock presently has a consensus rating of “Hold” and an average target price of GBX 3,920.

Renishaw Stock Performance

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 cap of £3.09 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. The stock has a 50-day moving average price of GBX 3,673.41 and a 200 day moving average price of GBX 3,488.62.

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

Insiders Place Their Bets

In related news, insider Richard McMurtry sold 26,376,468 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were 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 stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total value of £7,112,167.50. Over the last 90 days, insiders have sold 26,926,468 shares of company stock worth $92,492,417,580. 52.95% of the stock is currently owned by company insiders.

Renishaw Company Profile

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.