Renew (LON:RNWH) Hits New 12-Month High at $947.00

Renew Holdings plc (LON:RNWH)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 947 ($11.70) and last traded at GBX 937 ($11.57), with a volume of 151265 shares. The stock had previously closed at GBX 915 ($11.30).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Renew in a research report on Tuesday, April 2nd.

Renew Price Performance

The firm has a market capitalization of £743.41 million, a P/E ratio of 1,585.93 and a beta of 0.98. The business has a fifty day moving average of GBX 898.36 and a 200-day moving average of GBX 833.67. The company has a debt-to-equity ratio of 9.85, a quick ratio of 0.81 and a current ratio of 0.91.

Renew Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 8th were issued a GBX 12 ($0.15) dividend. This represents a yield of 1.52%. This is a positive change from Renew’s previous dividend of $6.00. The ex-dividend date of this dividend was Thursday, February 8th. Renew’s dividend payout ratio is 3,050.85%.

Renew Company Profile

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.