Renew (LON:RNWH) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of Renew Holdings plc (LON:RNWH) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 906.30 and traded as low as GBX 860. Renew shares last traded at GBX 868, with a volume of 213,267 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,220 target price on shares of Renew in a report on Wednesday, May 13th. Shore Capital Group reissued a “buy” rating and issued a GBX 850 price objective (down from GBX 1,350) on shares of Renew in a report on Wednesday, April 1st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,320 price objective 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, the stock has an average rating of “Buy” and a consensus price target of GBX 1,172.50.

Renew Stock Down 0.9%

The stock’s fifty day simple moving average is GBX 902.77 and its 200-day simple moving average is GBX 906.30. The company has a debt-to-equity ratio of 12.90, a quick ratio of 0.81 and a current ratio of 0.91. The stock has a market cap of £687.14 million, a P/E ratio of 16.26 and a beta of 0.89.

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

About Renew