Renishaw (LON:RSW) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Renishaw plc (LON:RSWGet Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Upgrades and Downgrades

A number of brokerages recently issued reports on RSW. Deutsche Bank Aktiengesellschaft increased their target price on shares of Renishaw from GBX 4,960 to GBX 5,600 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 6,300 price objective on shares of Renishaw in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 5,116.67.

Read Our Latest Analysis on Renishaw

Renishaw Price Performance

The company’s 50-day simple moving average is GBX 5,017.06 and its 200 day simple moving average is GBX 4,703.29. The company has a market capitalization of £3.70 billion, a P/E ratio of 49.90, a P/E/G ratio of 3.73 and a beta of 1.13. The company has a quick ratio of 3.10, a current ratio of 4.57 and a debt-to-equity ratio of 1.60.

Renishaw Company Profile

(Get Free Report)

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.

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