Renew (LON:RNWH) Stock Passes Below 200-Day Moving Average – Here’s Why

Renew Holdings plc (LON:RNWH)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 898.18 and traded as low as GBX 864. Renew shares last traded at GBX 865, with a volume of 3,048,679 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RNWH. Berenberg Bank reiterated a “buy” rating and set a GBX 1,200 target price on shares of Renew in a research report on Tuesday, November 25th. Shore Capital Group restated a “buy” rating and issued a GBX 1,350 price target on shares of Renew in a research report on Tuesday, November 25th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,300 price objective on shares of Renew in a research note on Friday, December 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Renew from GBX 1,200 to GBX 1,220 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Renew currently has an average rating of “Buy” and an average price target of GBX 1,267.50.

Renew Price Performance

The firm has a 50 day moving average price of GBX 917.69 and a 200-day moving average price of GBX 898.18. The firm has a market cap of £684.77 million, a price-to-earnings ratio of 14.03 and a beta of 0.77. The company has a debt-to-equity ratio of 11.50, a current ratio of 0.88 and a quick ratio of 0.81.

Renew Company Profile