Renew (LON:RNWH) Share Price Passes Below 200-Day Moving Average – What’s Next?

Renew Holdings plc (LON:RNWH)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 904.33 and traded as low as GBX 849. Renew shares last traded at GBX 858.68, with a volume of 162,655 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Shore Capital Group restated a “buy” rating and issued a GBX 850 target price (down from GBX 1,350) on shares of Renew in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,220 target price on shares of Renew in a report on Wednesday, May 13th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,320 target price on shares of Renew in a report on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 1,172.50.

Renew Price Performance

The business has a 50 day moving average of GBX 902.66 and a 200 day moving average of GBX 904.33. The company has a market cap of £679.77 million, a PE ratio of 16.09 and a beta of 0.89. The company has a debt-to-equity ratio of 12.90, a current ratio of 0.91 and a quick ratio of 0.81.

Renew (LON:RNWH) last announced its quarterly earnings results on Tuesday, May 12th. The company reported GBX 30.90 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