Insider Selling: 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 business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of GBX 3,435, for a total transaction 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 stock was sold at an average price of GBX 3,550, for a total value of £293,017.
• On Tuesday, September 23rd, Richard McMurtry sold 720 shares of Renishaw stock. The stock was sold at an average price of GBX 3,550, for a total value of £25,560.

Renishaw Trading Down 0.1%

LON RSW traded down GBX 4.73 during trading on Thursday, hitting GBX 3,410.27. The stock had a trading volume of 44,787 shares, compared to its average volume of 163,707. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05. The company has a market capitalization of £2.48 billion, a PE ratio of 29.60, a PEG ratio of 3.73 and a beta of 0.63. The firm has a 50 day moving average price of GBX 3,558.14 and a 200 day moving average price of GBX 3,132.22. Renishaw plc has a twelve month low of GBX 2,100 and a twelve month high of GBX 3,780.

Renishaw (LON:RSW) last announced its earnings results on Thursday, September 18th. The company reported GBX 137.80 earnings per share for the quarter. Renishaw had a net margin of 14.02% and a return on equity of 10.94%. As a group, equities research analysts forecast that Renishaw plc will post 159.8984772 earnings per share for the current year.

Wall Street Analyst Weigh In

RSW has been the topic of several research reports. Shore Capital reaffirmed a “hold” rating on shares of Renishaw in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft upped their target price on Renishaw from GBX 3,340 to GBX 3,940 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, UBS Group reissued a “buy” rating and issued a GBX 3,900 price objective on shares of Renishaw in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.