Renew (LON:RNWH) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Renew Holdings plc (LON:RNWHGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 907.85 and traded as low as GBX 891. Renew shares last traded at GBX 896.33, with a volume of 151,406 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Shore Capital Group reissued a “buy” rating and set a GBX 850 price target (down from GBX 1,350) on shares of Renew in a research note on Wednesday, April 1st. Berenberg Bank reissued a “buy” rating and set a GBX 1,320 price target on shares of Renew in a research note on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,220 price target on shares of Renew in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 1,172.50.

Check Out Our Latest Stock Analysis on RNWH

Renew Stock Up 0.8%

The company has a debt-to-equity ratio of 12.90, a current ratio of 0.91 and a quick ratio of 0.81. The company has a market capitalization of £712.48 million, a P/E ratio of 14.60 and a beta of 0.89. The stock has a 50-day moving average price of GBX 901.09 and a 200-day moving average price of GBX 907.85.

Renew (LON:RNWHGet Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported GBX 30.90 earnings per share (EPS) for the quarter. Renew had a return on equity of 17.24% and a net margin of 3.81%.The company had revenue of £574.29 million during the quarter.

Renew Company Profile

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