Renew (LON:RNWH) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Renew Holdings plc (LON:RNWH)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 906.30 and traded as low as GBX 860. Renew shares last traded at GBX 868, with a volume of 213,267 shares traded.

Wall Street Analyst Weigh In

RNWH has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,320 price target on shares of Renew in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,220 price objective on shares of Renew in a research report on Wednesday, May 13th. Finally, Shore Capital Group reiterated a “buy” rating and set a GBX 850 price objective (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, the company has a consensus rating of “Buy” and an average target price of GBX 1,172.50.

Renew Stock Performance

The stock’s 50-day moving average is GBX 902.77 and its 200-day moving average is GBX 906.30. The firm has a market capitalization of £687.14 million, a price-to-earnings ratio of 16.26 and a beta of 0.89. The company has a current ratio of 0.91, a quick ratio of 0.81 and a debt-to-equity ratio of 12.90.

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

Renew Company Profile