Renewi PLC (RWI) Insider Sells £40,000 in Stock

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

RWI opened at GBX 38.80 ($0.51) on Thursday. Renewi PLC has a 52 week low of GBX 78.25 ($1.02) and a 52 week high of GBX 109 ($1.42).

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

Several equities research analysts have issued reports on RWI shares. Peel Hunt reissued a “buy” rating on shares of Renewi in a research note on Monday, September 3rd. Berenberg Bank reissued a “hold” rating and set a GBX 75 ($0.98) target price on shares of Renewi in a research note on Thursday, September 6th. Finally, Kepler Capital Markets cut their target price on Renewi from GBX 99 ($1.29) to GBX 77 ($1.01) and set a “buy” rating for the company in a research note on Tuesday, November 20th.

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Renewi Company Profile

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.

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