Renewi PLC (RWI) Price Target Lowered to GBX 100 at Credit Suisse Group
Renewi PLC (LON:RWI) had its target price cut by investment analysts at Credit Suisse Group from GBX 115 ($1.49) to GBX 100 ($1.30) in a report released on Wednesday, July 19th. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 6.67% from the stock’s current price.
A number of other equities research analysts have also weighed in on RWI. Peel Hunt reiterated a “buy” rating and set a GBX 110 ($1.43) price objective on shares of Renewi PLC in a report on Thursday, May 25th. Barclays PLC decreased their price objective on shares of Renewi PLC from GBX 95 ($1.23) to GBX 88 ($1.14) and set an “equal weight” rating for the company in a report on Friday, June 30th.
Shares of Renewi PLC (LON:RWI) traded down 0.80% during midday trading on Wednesday, reaching GBX 93.00. The company had a trading volume of 100,962 shares. The company has a 50 day moving average price of GBX 88.90 and a 200-day moving average price of GBX 93.88. Renewi PLC has a one year low of GBX 78.25 and a one year high of GBX 107.00. The firm’s market capitalization is GBX 743.85 million.
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In other Renewi PLC news, insider Colin Matthews purchased 62,500 shares of Renewi PLC stock in a transaction dated Thursday, June 1st. The stock was acquired at an average price of GBX 91 ($1.18) per share, for a total transaction of £56,875 ($73,834.87). Also, insider Toby Woolrych purchased 7,869 shares of Renewi PLC stock in a transaction dated Friday, May 26th. The stock was acquired at an average price of GBX 95 ($1.23) per share, with a total value of £7,475.55 ($9,704.73). In the last 90 days, insiders bought 81,969 shares of company stock valued at $7,421,055.
Renewi PLC Company Profile
Renewi plc, formerly Shanks Group plc, is a waste-to-product company. The Company operates through five business divisions: Netherlands Commercial, Belgium Commercial, Hazardous Waste, Monostreams and Municipal. The Netherlands Commercial division is engaged in collecting, sorting, treating and recycling commercial and household waste in the Netherlands.
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