Renishaw (LON:RSW) Hits New 1-Year High – Should You Buy?

Shares of Renishaw plc (LON:RSW) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 5,320 and last traded at GBX 5,305, with a volume of 24727 shares changing hands. The stock had previously closed at GBX 5,235.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,450 price target on shares of Renishaw in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 3,763.33.

Renishaw Trading Up 0.6%

The company’s 50 day simple moving average is GBX 4,317.62 and its 200 day simple moving average is GBX 3,922.75. The firm has a market cap of £3.83 billion, a price-to-earnings ratio of 51.67, a P/E/G ratio of 3.73 and a beta of 1.10. The company has a debt-to-equity ratio of 1.60, a current ratio of 4.57 and a quick ratio of 3.10.

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.