Renishaw (LON:RSW) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Renishaw plc (LON:RSW) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,697.97 and traded as high as GBX 5,275. Renishaw shares last traded at GBX 5,099.01, with a volume of 66,852 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on RSW. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Renishaw from GBX 4,960 to GBX 5,600 and gave the company a “hold” rating in a report on Tuesday, July 28th. Peel Hunt reissued a “buy” rating and set a GBX 6,300 price objective on shares of Renishaw in a research report on Friday, July 24th. One research 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 company currently has an average rating of “Hold” and an average target price of GBX 5,116.67.

Renishaw Trading Down 1.4%

The company has a 50 day simple moving average of GBX 5,017.56 and a 200 day simple moving average of GBX 4,697.97. The company has a current ratio of 4.57, a quick ratio of 3.10 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of £3.71 billion, a PE ratio of 50.04, a P/E/G ratio of 3.73 and a beta of 1.13.

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.