Insider Selling: Renewi PLC (RWI) Insider Sells 100,000 Shares of Stock

Renewi PLC (LON:RWI) insider Colin Matthews sold 100,000 shares of Renewi stock in a transaction on Friday, November 30th. The stock was sold at an average price of GBX 40 ($0.52), for a total transaction of £40,000 ($52,267.08).

Shares of LON:RWI opened at GBX 42.10 ($0.55) on Monday. Renewi PLC has a 12 month low of GBX 78.25 ($1.02) and a 12 month high of GBX 109 ($1.42).

The business also recently declared a dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, November 29th will be paid a dividend of GBX 0.95 ($0.01) per share. The ex-dividend date is Thursday, November 29th. This represents a yield of 1.9%.

Several equities research analysts recently commented on RWI shares. Kepler Capital Markets cut their price target on shares of Renewi from GBX 99 ($1.29) to GBX 77 ($1.01) and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Peel Hunt reiterated a “buy” rating and set a GBX 87 ($1.14) price target (down from GBX 108 ($1.41)) on shares of Renewi in a research note on Monday, November 5th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 75 ($0.98) price target on shares of Renewi in a research note on Thursday, September 6th.

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About Renewi

Renewi plc provides waste-to-product services in the Netherlands, Belgium, the United Kingdom, Germany, France, Portugal, Canada, Hungary, and Luxembourg. The company operates through Commercial Waste, Hazardous Waste, Monostreams, and Municipal segments. It is involved in the collection and treatment of commercial waste; industrial cleaning and treatment of hazardous waste; and operation of waste management facilities under long-term municipal contracts, as well as waste recycling activities.

See Also: What is the Ex-Dividend Date in Investing?

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