Share Name Share Symbol Market Type Share ISIN Share Description
Renishaw Plc LSE:RSW London Ordinary Share GB0007323586 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  -76.00 -1.98% 3,772.00 138,066 16:35:14
Bid Price Offer Price High Price Low Price Open Price
3,786.00 3,792.00 3,862.00 3,768.00 3,862.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 573.96 109.94 126.70 29.8 2,746
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:14 UT 39,673 3,772.00 GBX

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Date Time Title Posts
15/10/201916:10Renishaw 2006955
14/10/200810:04RENISHAW..'This is a cracking company'..54

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Renishaw Daily Update: Renishaw Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker RSW. The last closing price for Renishaw was 3,848p.
Renishaw Plc has a 4 week average price of 3,234p and a 12 week average price of 3,030p.
The 1 year high share price is 4,724p while the 1 year low share price is currently 3,030p.
There are currently 72,800,000 shares in issue and the average daily traded volume is 127,379 shares. The market capitalisation of Renishaw Plc is £2,746,016,000.
fuji99: The share price seems to have found a floor around £35'sh and looks fully stablised. Thus my prediction is wrong so far. Assuming the worst has passed, any slight positive will propel the share price sharply upwards towards high £40's - £50 pretty quickly. The share price is so sensitive due to the low number of issued shares (73 million). So I have dipped in my toe today (total 550 shares only for a start).
fuji99: shieldbug - If one looks at 2016 results, they are more or less similar to what they delivered today. This corresponds to a share price of around £20. I think without positive visibility on future business, the share price will slowly drift to those levels. I only hope I am wrong.
shieldbug: fuji - The current share price is very optimistic. PE of 28.8 but no growth and increased costs. Its a great company but this looks overpriced.
fuji99: If one extrapolates the 2019 revenues and profit with previous years, we would find ourselves in correlation with 2016 numbers with a share price around £20. So is the present share price right with no visibility forward ? That is the question all PI should ask themselves. The company has unique products difficult to replicate so has a very good future for the long term, but I am afraid it will definitely struggle the rest of 2019. All will then depend on their future visibility from 2020 because so far, we only got 3 profit warnings (including today's, smuggled with the results ).
apad: Comment made on VLG board. "Nothing very much to add. One bright comment about additive and I couldn't understand the impact of hedging. Pension contributions have more than doubled." Pretty much agree with red, but I think this is more than in the share price so expect it to continue bouncing along at current low levels, waiting for Godo. Bigger falls if it was more liquid perhaps (cf XPP). Apad
broadwood: Nevertheless Red we're still here. I seem to remember a sharp fall a few months ago following a Broker downgrade so maybe Armageddon has been postponed judging by the very early share price action.
redartbmud: Share price down 15 - 20% at the open. Nothing positive in the commentary. Healthcare is insignificant in the piece. Ouch.
shieldbug: Comparing Renishaw's share price to Robot ETFs suggests this is a sector wide effect. Sentiment based on trade tensions and poor economic outlook? Would be interesting to know what caused the reduced profit but would guess cost of investment for future growth.
helm1: Stonking results. Agree with pug's comments. Every six months there seems to be a round of analyst write-ups saying the stock is over-valued, the price dips, the results come out and fully justify the high rating. I reckon the current share price is reflecting the wider market unease, rather than RSW's immediate prospects. Is a PE in the range 30-33 excessive? I don't think so.
philanderer: Stifel. Sector note. Downgrade to 'sell' We admire Renishaw’s remarkable record of innovation, and creation of what is a de facto worldwide standard in its industrial metrology niches. Its end markets have picked up, and it is once more achieving double-digit organic growth rates. We believe, however, that the very strong performance of the stock has more than discounted these positives, and has left the shares looking overvalued both vs. its international peer group and in the context of our long run assumptions for the company itself. The gap between our assessment of fair value and the prevailing market price has become sufficiently wide that we are now downgrading our rating to Sell. We see few near-term negative catalysts, but note that the company operates with little visibility (and even less market communication) and has tended to be volatile: we think that after an extended period of very strong performance, holders should consider taking some profit. Valuation is at the heart of our concerns on the group at present. On our estimates, the stock trades at almost 32x this year’s forecast earnings, and 22.5x EBITDA. Using our June 2019 numbers, these multiples only come down to 28x and 20x, respectively – and this is despite the fact that our 2019 forecasts are well above consensus (177p of headline EPS vs. the Bloomberg consensus of 163p). This is fairly unprecedented valuation territory for an industrial company, other than highly cyclical names ahead of an anticipated turn in end markets – and Renishaw’s markets have already turned, and its margins are already north of 20%: these are not high multiples of deeply depressed earnings. Even more striking than the absolute numbers are the trends in relative performance and valuation over the last year. Renishaw is quite distinct from most of the UK industrial peer group – much higher- technology-focused, with far higher R&D investment, and current growth rates, which would be the envy of just about all of its peers - but it does have a small group of international peers who are much closer to it in terms of end market focus and market dynamics – and over the last year it has moved ahead of these peers fairly dramatically in terms of share price performance. Below, we show its share price performance (rebased) vs. its closest European peer, Hexagon (HEXAB.ST, SEK 406.1, Not Covered) in Sweden, and two US partial peers, Ametek (AME, $66.86, Buy; covered by our colleague Robert McCarthy) and National Instruments (NATI, $43.20, Buy; covered by our colleague Patrick Newton). From the middle of 2016, Renishaw has run ahead of the pack by a wide margin. It is probably no coincidence that the start of this period coincides with the Brexit referendum and the slide in the value of sterling – a big boost that may now have run its course (while Brexit may yet bring much more negative repercussions for the group, dependent on the outcome of trade negotiations). HTTPS://
Renishaw share price data is direct from the London Stock Exchange
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