Renishaw (LON:RSW) Reaches New 52-Week High – Time to Buy?

Renishaw plc (LON:RSW)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 4,150 and last traded at GBX 4,015, with a volume of 666142 shares. The stock had previously closed at GBX 3,885.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “hold” rating on shares of Renishaw in a research note on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 3,920.

Renishaw Trading Up 2.3%

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 business has a 50-day simple moving average of GBX 3,647.79 and a two-hundred day simple moving average of GBX 3,463.70. The stock has a market cap of £3.02 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 3.73 and a beta of 0.63.

Renishaw (LON:RSW) last released 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%. Equities analysts forecast that Renishaw plc will post 159.8984772 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider D John Deer sold 342,950 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of GBX 3,435, for a total value of £11,780,332.50. Also, insider Richard McMurtry sold 26,376,468 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total transaction of £906,031,675.80. Over the last ninety days, insiders have sold 26,926,468 shares of company stock valued at $92,492,417,580. Company insiders own 52.95% of the company’s stock.

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.