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

Renew Holdings plc (LON:RNWH)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 900.20 and traded as low as GBX 831.58. Renew shares last traded at GBX 837, with a volume of 120,486 shares trading hands.

Analysts Set New Price Targets

Separately, Peel Hunt restated a “buy” rating and set a GBX 1,300 price target on shares of Renew in a research note on Friday, December 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 1,267.50.

Renew Price Performance

The stock’s 50 day simple moving average is GBX 911.57 and its 200-day simple moving average is GBX 900.20. The firm has a market cap of £662.60 million, a price-to-earnings ratio of 13.57 and a beta of 0.77. The company has a debt-to-equity ratio of 11.50, a quick ratio of 0.81 and a current ratio of 0.88.

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