Renew (LON:RNWH) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Renew Holdings plc (LON:RNWH) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 898.18 and traded as low as GBX 864. Renew shares last traded at GBX 865, with a volume of 3,048,679 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RNWH shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price objective on shares of Renew in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Renew from GBX 1,200 to GBX 1,220 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,350 target price on shares of Renew in a research report on Tuesday, November 25th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 1,300 price target on shares of Renew in a research note on Friday, December 26th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 1,267.50.

Renew Trading Down 1.0%

The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 11.50. The business’s fifty day moving average is GBX 916.69 and its two-hundred day moving average is GBX 898.54. The firm has a market cap of £677.64 million, a price-to-earnings ratio of 13.88 and a beta of 0.77.

About Renew