Renishaw (LON:RSW) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Renishaw plc (LON:RSW)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,604.06 and traded as high as GBX 5,165. Renishaw shares last traded at GBX 5,005, with a volume of 1,375,003 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RSW shares. Deutsche Bank Aktiengesellschaft lifted their target price on Renishaw from GBX 4,960 to GBX 5,600 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Jefferies Financial Group reissued a “hold” rating and set a GBX 3,450 price target on shares of Renishaw in a research report on Wednesday, May 6th. Finally, Peel Hunt restated a “buy” rating and set a GBX 6,300 price target on shares of Renishaw in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 4,812.50.

Renishaw Trading Up 1.9%

The company has a market capitalization of £3.71 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 3.73 and a beta of 1.12. The company’s fifty day moving average is GBX 5,034.99 and its 200-day moving average is GBX 4,607.53. 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.