Renew (LON:RNWH) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Renew Holdings plc (LON:RNWH) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 902.73 and traded as high as GBX 936. Renew shares last traded at GBX 903.93, with a volume of 148,209 shares traded.

Analysts Set New Price Targets

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

Renew Price Performance

The company has a debt-to-equity ratio of 12.90, a current ratio of 0.91 and a quick ratio of 0.81. The company’s 50-day moving average price is GBX 887.53 and its 200-day moving average price is GBX 902.61. The company has a market cap of £712.48 million, a P/E ratio of 16.86 and a beta of 0.77.

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

Renew Company Profile