Key Points
- Richard McMurtry sold 26,376,468 shares of Renishaw on Nov. 25 at an average price of GBX 3,435, generating £906,031,675.80; he also made smaller sales on Sept. 23 (8,254 and 720 shares).
- Renishaw trades with a market cap of £2.48 billion and a P/E of 29.6, a 1‑year range of GBX 2,100–3,780, and is near its 50‑day/200‑day moving averages of GBX 3,556 and GBX 3,134 respectively.
- Analyst consensus is "Hold" with an average price target of GBX 3,920, although UBS rates the stock "Buy" with a GBX 3,900 target and Deutsche Bank recently raised its target to GBX 3,940.
Renishaw plc (LON:RSW - Get Free Report) insider Richard McMurtry sold 26,376,468 shares of the stock in a transaction that occurred 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 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 Stock Performance
LON:RSW opened at GBX 3,410.27 on Friday. The firm's fifty day moving average price is GBX 3,556.05 and its 200 day moving average price is GBX 3,134.15. Renishaw plc has a 1-year low of GBX 2,100 and a 1-year high of GBX 3,780. The company has a debt-to-equity ratio of 2.05, a current ratio of 5.81 and a quick ratio of 3.10. The firm has a market cap of £2.48 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63.
Renishaw (LON:RSW - Get Free Report) last announced 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%. On average, sell-side analysts expect that Renishaw plc will post 159.8984772 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Renishaw from GBX 3,340 to GBX 3,940 and gave the company a "hold" rating in a research report on Friday, October 10th. Shore Capital reissued a "hold" rating on shares of Renishaw in a research note on Thursday, October 30th. Finally, UBS Group reissued a "buy" rating and issued a GBX 3,900 price target on shares of Renishaw in a report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Renishaw presently has an average rating of "Hold" and an average price target of GBX 3,920.
Read Our Latest Stock Report on Renishaw
Renishaw Company Profile
(
Get Free Report)
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.
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