Renishaw (LON:RSW) Insider Sells £906,031,675.80 in Stock

Renishaw plc (LON:RSW) insider Richard McMurtry sold 26,376,468 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total value of £906,031,675.80.

Richard McMurtry also recently made the following trade(s):

• On Tuesday, September 23rd, Richard McMurtry sold 8,254 shares of Renishaw stock. The shares were sold at an average price of GBX 3,550, for a total transaction of £293,017.
• On Tuesday, September 23rd, Richard McMurtry sold 720 shares of Renishaw stock. The shares were sold at an average price of GBX 3,550, for a total transaction of £25,560.

Renishaw Stock Performance

Renishaw stock opened at GBX 3,470 on Friday. Renishaw plc has a 1 year low of GBX 2,100 and a 1 year high of GBX 3,780. The company has a current ratio of 5.81, a quick ratio of 3.10 and a debt-to-equity ratio of 2.05. The company’s 50-day moving average is GBX 3,553.25 and its two-hundred day moving average is GBX 3,142.10. The company has a market cap of £2.52 billion, a PE ratio of 30.12, a PEG ratio of 3.73 and a beta of 0.63.

Renishaw (LON:RSW) last posted its quarterly earnings data on Thursday, September 18th. The company reported GBX 137.80 EPS for the quarter. Renishaw had a net margin of 14.02% and a return on equity of 10.94%. Equities analysts anticipate that Renishaw plc will post 159.8984772 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on RSW. Deutsche Bank Aktiengesellschaft raised their price objective on Renishaw from GBX 3,340 to GBX 3,940 and gave the company a “hold” rating in a research note on Friday, October 10th. Shore Capital reiterated a “hold” rating on shares of Renishaw in a research report on Thursday, October 30th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 3,900 target price on shares of Renishaw in a research note on Friday, September 5th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 3,920.

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.