Renew (LON:RNWH) Stock Passes Above 200 Day Moving Average – Here’s Why

Renew Holdings plc (LON:RNWH) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 885.50 and traded as high as GBX 935. Renew shares last traded at GBX 923.70, with a volume of 134,194 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RNWH shares. Shore Capital Group reissued a “buy” rating and issued a GBX 1,350 price objective on shares of Renew in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft raised their price target on Renew from GBX 1,200 to GBX 1,220 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Berenberg Bank reissued a “buy” rating and set a GBX 1,200 target price on shares of Renew in a research report on Tuesday, November 25th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 1,300 price target on shares of Renew in a report on Friday, December 26th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,267.50.

Renew Price Performance

The stock has a market cap of £731.24 million, a price-to-earnings ratio of 14.98 and a beta of 1.06. The stock’s 50 day moving average price is GBX 909.55 and its two-hundred day moving average price is GBX 885.84. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 37.10.

Renew (LON:RNWH) last released its quarterly earnings data on Tuesday, November 25th. The company reported GBX 67.10 earnings per share for the quarter. Renew had a net margin of 4.45% and a return on equity of 22.35%.

Renew Company Profile