Posted by admin on Aug 13th, 2022

Renishaw plc (LON:RSW – Get Rating) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,112.37 ($49.69) and traded as high as GBX 4,224 ($51.04). Renishaw shares last traded at GBX 4,196 ($50.70), with a volume of 36,796 shares trading hands.

A number of analysts have weighed in on RSW shares. Berenberg Bank lowered their target price on Renishaw from GBX 6,600 ($79.75) to GBX 5,100 ($61.62) and set a “buy” rating for the company in a report on Friday, May 13th. Barclays lowered their target price on Renishaw from GBX 4,200 ($50.75) to GBX 3,975 ($48.03) and set an “underweight” rating for the company in a report on Wednesday, July 20th.

The business has a 50-day moving average price of GBX 3,995.21 and a 200-day moving average price of GBX 4,112.37. The firm has a market capitalization of £3.05 billion and a price-to-earnings ratio of 2,397.71. The company has a quick ratio of 3.56, a current ratio of 5.09 and a debt-to-equity ratio of 2.63.

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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