Shares of Renishaw plc (LON:RSW) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3,783.52 and traded as high as $4,020.40. Renishaw shares last traded at $3,884.00, with a volume of 40,619 shares.
RSW has been the topic of a number of research analyst reports. Goldman Sachs Group cut their price objective on shares of Renishaw from GBX 3,650 ($47.69) to GBX 3,150 ($41.16) and set a “neutral” rating on the stock in a report on Thursday, October 24th. Peel Hunt reissued a “reduce” rating and set a GBX 3,300 ($43.12) price objective on shares of Renishaw in a report on Tuesday, October 15th. Peel Hunt restated a “reduce” rating and set a GBX 3,300 ($43.12) target price on shares of Renishaw in a research report on Tuesday, October 15th. Finally, UBS Group restated a “sell” rating and set a GBX 3,200 ($41.81) target price (down from GBX 3,490 ($45.60)) on shares of Renishaw in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has an average rating of “Sell” and a consensus target price of GBX 3,489.38 ($45.59).
The company has a debt-to-equity ratio of 1.78, a current ratio of 4.27 and a quick ratio of 2.71. The firm has a market capitalization of $2.83 billion and a PE ratio of 30.66. The business’s 50-day moving average price is GBX 3,735.32 and its 200-day moving average price is GBX 3,783.52.
Renishaw plc, a metrology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers metrology products, including additive manufacturing systems, co-ordinate measuring machine products, machine tool probe systems, styli for probe systems, performance testing products, gauging systems, fixtures, and position encoders.
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