Renishaw (LON:RSW) Reaches New 52-Week High – Should You Buy?

Renishaw plc (LON:RSW) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 5,445 and last traded at GBX 5,280, with a volume of 84954 shares. The stock had previously closed at GBX 5,300.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,450 price objective on shares of Renishaw in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 3,763.33.

Renishaw Price Performance

The stock has a 50 day moving average of GBX 4,526.30 and a two-hundred day moving average of GBX 4,016.62. The company has a debt-to-equity ratio of 1.60, a quick ratio of 3.10 and a current ratio of 4.57. The firm has a market capitalization of £3.97 billion, a P/E ratio of 53.55, a P/E/G ratio of 3.73 and a beta of 1.10.

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.