Renishaw (LON:RSW) Insider Richard McMurtry Sells 8,254 Shares

Key Points

• Richard McMurtry, an insider at Renishaw, sold a total of 8,254 shares at an average price of GBX 3,550, resulting in a total value of approximately £293,017.
• Renishaw's stock performance includes a 52-week high of GBX 3,865 and a low of GBX 2,100, with a current market capitalization of £2.59 billion.
• Analysts have a consensus rating of "Moderate Buy" for Renishaw, with a forecasted target price of GBX 3,620, indicating potential growth in the stock performance.

Renishaw plc (LON:RSW - Get Free Report) insider Richard McMurtry sold 8,254 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of GBX 3,550, for a total value of £293,017.

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

• 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 value of £25,560.

Renishaw Price Performance

Shares of LON RSW opened at GBX 3,555 on Wednesday. The business has a 50-day moving average of GBX 3,112.06 and a 200-day moving average of GBX 2,768.84. Renishaw plc has a fifty-two week low of GBX 2,100 and a fifty-two week high of GBX 3,865. 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 stock has a market capitalization of £2.59 billion, a price-to-earnings ratio of 2,647.06, a PEG ratio of 3.73 and a beta of 0.63.

Renishaw (LON:RSW - Get Free Report) last released 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, sell-side analysts predict that Renishaw plc will post 159.8984772 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RSW shares. Deutsche Bank Aktiengesellschaft increased their price target on Renishaw from GBX 3,000 to GBX 3,340 and gave the company a "hold" rating in a research note on Friday, September 5th. UBS Group restated a "buy" rating and set 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 one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,620.

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.

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