Posted by admin on Jul 28th, 2022
Renishaw plc (LON:RSW – Get Rating) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,138.13 ($49.86) and traded as high as GBX 4,268 ($51.42). Renishaw shares last traded at GBX 4,232 ($50.99), with a volume of 15,866 shares traded.
A number of brokerages have recently weighed in on RSW. Berenberg Bank reduced their price target on shares of Renishaw from GBX 6,600 ($79.52) to GBX 5,100 ($61.45) and set a “buy” rating on the stock in a research report on Friday, May 13th. Barclays cut their price objective on shares of Renishaw from GBX 4,200 ($50.60) to GBX 3,975 ($47.89) and set an “underweight” rating on the stock in a research report on Wednesday, July 20th.
The firm has a market capitalization of £3.08 billion and a P/E ratio of 2,364.25. The firm’s 50-day moving average is GBX 3,930.15 and its 200 day moving average is GBX 4,138.13. The company has a debt-to-equity ratio of 2.63, a quick ratio of 3.56 and a current ratio of 5.09.
Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers co-ordinate measuring machine (CMM) products, machine tool probe and software, performance measurement systems, gauging systems, fixtures, and styli for touch probe systems; interferometric laser, magnetic, and optical encoders; additive manufacturing systems; plastics and metal vacuum casting machines; and mapping sensors.
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